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AUGUST 1976 / VOLUME 56 NUMBER
8
SURVEY OF CURRENT BUSINESS
\
CONTENTS
U.S. Department of Commerce
THE BUSINESS SITUATION
Public and Private Debt, 1965-75
2
The Unemployed: Job Losers, Leavers,
Reentrants, and New Entrants
3
National Income and Product Tables
5
State Personal Income, 1974-75
14
The International Investment Position of
the United States: Developments in 1975
29
Foreign Direct Investment in the United States in 1975
34
U.S. Direct Investment Abroad in 1975
40
Alternative Estimates of Capital Consumption Allowances
and Profits of N on financial Corporations, 1973—75
61
Revised Manufacturing and Trade Inventories
and Sales, 1972: IV—1976: II
62
Fixed Nonresidential Business and Residential Capital
in the Vnited States, 1973-75
64
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index (Inside Back Cover)
Elliot L. Richardson / Secretory
Bureau of Economic Analysis
George Jaszi/Director
Morris R. Goldman/Deputy Director
SURVEY OF CURRENT BUSINESS
Editorial Board: Jack J. Bame, Carol S. Carson,
John E. Cremeans, Martin L. Marimont, Beatrice
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C. Hinrichs, Jeanette Honsa, Leonard A. Lupo, John
C Musgrave, Russell B. Scholl, Edward L Steinberg,
Joseph C Wakeneld, Obie G. Whichard, Allan H.
Young
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500 Quarrier St. 343-6181
the BUSINESS SITUATION
LEVISED estimates put the secondR,
quarter increase in real GNP at 4%
uted to the decline in expenditures. As
a result, the deficit amounted to $53%
billion at an annual rate, compared
percent—about the same as the prewith $63% billion in the first quarter
liminary estimates last month. Inflation
and $69% billion in the fourth quarter.
as measured by the change in the GNP
The deficit for fiscal 1976 as a
implicit price deflator was 5 percent,
whole—based largely on preliminary
compared with 4% percent last month.
data not seasonally adjusted—is estiThe increase in current-dollar GNP,
mated to be $61 billion, down $10
at 9K percent, was also up fractionally.
billion from the January budget estiThe revised estimates show fewer
mate. Receipts are higher and expendifinal sales and more inventory accumutures lower than previously estimated.
lation than the previous estimate. The
Almost all of the second-quarter
second-quarter increase in real final
increase
in receipts was due to higher
sales was 4 percent, compared with 4%
incomes;
tax changes had little impact
percent last month. Consumer exon
total
receipts. Personal taxes rose
penditures on services—largely those
$4% billion. About $% billion of the
in the "other services'' category and
increase resulted from a drop in secondtransportation—were revised down.
quarter refunds stemming from the
Federal Government defense purchases
home purchase credit and earned inwere also revised down. Consumer
come credit provisions of the Tax
expenditures on durable goods were
Reduction Act of 1975. The remainder
revised up on the basis of additional
of the personal tax increase and all of
information on used car transactions.
the increase in social insurance contriMost other components of final sales
butions—$1% billion—was attributable
were revised down by small amounts.
to higher wages. Corporate taxes rose
The upward revision in inventory
$2% billion, reflecting higher profits,
accumulation was mainly in durables
and indirect business taxes, mainly
manufacturing and retail trade other
custom duties, increased $/£ billion.
than auto dealers. Inventories of auto
Most of the decline in Federal Govdealers were revised down. Much of the
ernment expenditures was in grantsupward revision in prices was in those
in-aid to State and local governments,
for structures and for energy, which are
mainly in programs for child nutrition,
now estimated to have increased slightly
health, and wastewater treatment fafrom the first quarter.
cilities. Transfer payments to persons
Federal sector of the NIPA's in the declined $1.6 billion. Unemployment
Second-quarter corporate profits
second quarter
benefits declined $2% billion, and vetPreliminar}^ estimates show that profThe Federal Government deficit as erans life insurance benefits declined
its from current production—corporate
measured in the NIPA's continued to over $1 billion as a result of accelerated
profits with inventory valuation and decline in the second quarter, reflecting payments in the first quarter. Increases
capital consumption adjustments—were an increase in receipts and a decline in in other transfer payments, including
approximately unchanged from the expenditures. Higher profits and wages a cost-of-living increase ($% billion)
first quarter. Domestic profits of non- helped boost receipts $8% billion, and for federal civilian retirement partly
financial corporations were up about lower unemployment benefits contrib- offset these decreases. Subsidies (less
1
$2 billion, domestic profits of financial
corporations were down $% billion, and
profits from abroad were down $1%
billion.
The second-quarter increase in domestic profits of nonfinancial corporations was more than accounted for by
gains in durables manufacturing. The
largest gains were in motor vehicles and
primary and fabricated metals. Nondurables manufacturing and trade declined. Other industries showed little
change.
Before-tax book profits were up $4
billion from the first quarter. These
profits differ from profits from current
production for two reasons. First,
they reflect tax return-based capital
consumption allowances, rather than
"economic" capital consumption allowances. The latter are based on uniform
service lives and depreciation formulas
and replacement cost valuation. Second,
they include inventory profits, which
arise because inventories used up are
valued at historical, rather than replacement, cost. Inventory profits accounted for $3 billion of the difference
between the second-quarter change in
before-tax book profits and that in
profits from current production. The
different measurement of capital consumption allowances accounted for $1
billion.
SURVEY OF CURRENT BUSINESS
the current surplus of government
enterprises) declined $% billion due to
lower payments to railroads. Increases
occurred in purchases of goods and
services, mainly in nondefense—up
$l}s billion—and in net interest paid.
The significance of the changes in
expenditures is very uncertain. As
noted in last month's SURVEY, the
shift to the new fiscal year is resulting
in irregularities in federal expenditure
patterns. Thus, the decline in federal
expenditures is more difficult to interpret.
billion, or 23.7 percent, compared with
$11.7 billion or 3.4 percent in 1974.
Federally sponsored credit agencies,
on the other hand, slowed their debt
accumulation to $2.4 billion, or 3.1
percent, compared with $16.6 billion,
or 27.7 percent, in 1974. Federal home
loan banks decreased their debt $2.5
billion, and each of the four other
federally sponsored credit agencies experienced a lower rate of debt accumulation in comparison with 1974. State
and local government debt accumulation also slowed—it rose 4.7 percent,
compared with 8.9 percent in 1974.
This slowdown resulted from both a
reduced rate of accumulation of gross
debt and from a sharp increase in
intragovernmental holdings—State and
local debt held by the issuing government's pension, general, or other fund.
The rate of increase in private debt
was 6.2 percent, compared with 9.9
Public and Private Debt, 1965-75
AT yearend 1975, net public and
private debt totaled almost $3 trillion,
about $230 billion more than at
yearend 1974 (table 1). The rate of
increase in total net debt slowed to
8.3 percent, from 9.3 percent in 1974.
Public debt, at $741 billion, was up
August 1976
15.1 percent; private debt, at $2,256
billion, was up 6.2 percent.
The rate of increase in government
debt was about double that in 1974
and was the highest since 1945. The
step-up was due to an increase in
Federal Government debt of $85.5
Table 1.—Net and Gross Public and Private Debt, End of Calendar Years, 1965-1975
[Billion dollars]
Private
Public
Corporate
End of
year
Total
Total
Federal
Federally
sponsored
credit
agencies
Individual and unincorporated enterprise
Short-term
State
and
local
Total
Total
Longterm
Notes
and
accounts
payable
Nonfarm mortgage
Farm
Total
Other
Production
Mortgage
1- to 4family
Other nonfarm
Multifamily
Com- Finan- Consumer
residential merical cial
and commerical
Net Public and Private Debt
1,245.0
1, 339. 9
1, 439. 6
1, 583. 4
373.6
387.8
408.1
436.0
266.4
271.8
286. 4
291.9
8.9
11.2
9.0
21.5
98.3
104.7
112.8
122.7
'871.4
952.1
1,031.5
1,147.4
454. 3
506.6
553.6
631.5
209.4
231.3
255.6
283.6
138.6
155.5
166.6
190.1
106.3
119.8
131.5
157.8
417.1
445.5
477.9
515.9
18.1
19.1
22.8
24.3
21.2
23.1
25.1
27.4
208.7
219.6
232. 0
216. 5
28.1
32.0
34.9
38.4
27.0
29.4
31.2
33.3
24.1
26.0
31.0
35.2
89.9
96.2
100.8
110.8
1969
19701971
1972
1, 737. 6
1, 869. 6
2, 050. 7
2, 275. 9
453.2
484.7
528.6
559.5
289.3
301.1
325.9
341.2
30.6
38.8
39.9
41.4
133.3
144.8
162.8
176.9
1, 284. 4
1, 384. 9
1, 522. 1
1,716.5
734.2
797. 3
871.3
975.3
323. 5
360.2
400.0
443.6
221.9
232.2
241.0
265.0
188.8
204.9
230. 3
266.7
550.2
587.7
650.8
741.2
26.0
27.5
30.3
32.4
29.2
30.3
32.2
35.8
261.5
279.2
304.5
341.0
42.4
53.2
68.2
85.2
35.8
34.9
36.4
38.9
34.2
35.3
40.2
50.0
121.1
127.2
139.1
157.9
1973
1974
1975
2, 532. 1
2, 768. 6
2, 997. 1
598.4
643.7
741.2
349.1
360. 8
446.3
59.8
76.4
78.8
189.5
206.4
216.1
1, 933. 7
2, 124. 9
2, 255. 9
1, 106. 7
1,239.0
1, 306. 2
491.8
557.6
611.0
297.6
322.1
318.4
317.4
359.3
376. 8
827.0
885. 9
949.7
37.7
42.9
46.1
41.3
46.3
51.9
379.2
406.6
441.3
103.5
117.1
124. 8
40.4
39.1
41.1
44.1
40 4
47.7
180. 8
191.5
196.7
1965
1966
1967
1968-
._
Gross Public and Private Debt
1965
19661967- _ .
1968
1,399.0
1,511.8
1,629.9
1,793.4
438.9
460.2
488.1
519.9
326. 9
339.6
361.9
371.3
8.9
11.2
9.0
21.5
103.1
109.3
117.3
127.2
960.1
1,051.7
1,141.7
1, 273. 5
543.0
606.2
663.9
757.6
253.1
279.6
309.1
343. 3
166. 3
186.5
199.9
228.1
123. 6
140.0
154.9
186.2
417.1
445.5
477.9
515.9
18.1
19.1
22.8
24.3
21.2
23.1
25.1
27.4
208.7
219.6
232.0
246.5
28.1
32.0
34.9
38.4
27.0
29.4
31.2
33.3
24.1
26.0
31.0
35.2
89.9
96.2
100.8
1969
1970
1971.
1972
1,982.0
2, 135. 5
2, 340. 0
2, 597. 0
549.7
588.8
641.3
682. 9
381.2
400.8
434. 4
460.2
30.6
38.8
39.9
41.4
137.9
149.2
167.0
181.2
1, 432. 3
1, 546. 7
1,698.7
1, 914. 1
882.1
959. 1
, 047. 9
, 172. 9
392.1
436.7
485.0
538.0
266.3
278.6
289.2
318.0
223.8
243.8
273.6
361.9
550.2
587.7
650.8
741.2
26.0
27.5
30.3
32.4
29.2
30.3
32.2
35.8
261.5
279.2
301. 5
341.0
42.4
53.2
68.2
85.2
35.8
34.9
36.4
38.9
34.2
35. 3
40.2
50.0
121.1
127.2
139.1
157.9
1973. .
1974
1975
2, 891. 7
3, 165. 8
3, 410. 7
734.0
790. 5
889.6
480.7
504.0
587.6
59.8
76.4
78.8
193. 5
210.0
223. 2
2, 157. 7
2, 375. 3
2, 521. 1
, 330. 7
, 489. 5
,571.4
596.6
676.5
741.4
357.0
386.5
382.1
377.1
426.4
447.9
827.0
885.9
949. 7
37.7
42.9
46.1
41.3
46.3
51.9
379.2
406.6
441.3
103.5
117.1
124.8
40.4
39.1
41.1
44.1
42.4
47.7
180.8
191.5
196.7
NOTE.—Federal Government debt is outstanding debt as denned in the Budget of the United
States Government, Fiscal Year 1977. Gross Federal debt consists of total Treasury debt, less
special noninterest-bearing notes issued to the International Monetary Fund and other international agencies, plus obligations of Federal agencies in which the Federal Government has a
proprietary interest. Net Federal debt consists of only such debt held by the public. Federally
sponsored credit agencies debt is debt of agencies in which there is no longer any Federal
proprietary interest. At the present time, this consists of the debt of banks for cooperatives,
Federal home loan banks, Federal intermediate credit banks, Federal land banks, and Federal National Mortgage Association. State and local gross debt is the total owed to all holders.
110. $
State and local net debt is that owed to all holders except State and local governments. Corporate gross debt is total corporate indebtedness; corporate net debt is that owed to all entities
except affiliated corporations. Debt of individuals and unincorporated enterprises consists
of all forms of legal indebtedness of this group, other than that among individuals and unincorporated nonflnancial firms. Commercial debt is the debt of individuals and unincorporated enterprises to banks (other than consumer credit). Financial debt consists of security
credit owed by individuals and unincorporated enterprises, policy loans, and some singlepayment loans.
SURVEY OF CURRENT BUSINESS
August 1976
Table 2.—Net
Public
and
Private
Debt
[Percent]
Total
1940
1945
1950
1955
1960
1965
1970
1971
1972
1973
1974
1975
100 0
100 0
100.0
100 0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
Public
32 2
65.5
49.3
41. 1
35.2
30.0
25.9
25.8
24.6
23.6
23.2
24.7
Private
67 8
34.5
50.7
58.9
64.8
70.0
74.1
74.2
75.4
76.4
76.8
75.3
percent in 1974, and was the lowest
since 1958. Corporate debt, which
accounts for about three-fifths of
private debt, rose 5.4 percent, compared
with an average increase of 11 percent
per year in each of the 5 previous
years. Most of the rise occurred in
long-term debt; total short-term debt increased only slightly, because shortterm corporate notes and accounts
payable declined.
Individual and unincorporated enterprise debt increased 7.2 percent in 1975,
about the same as in 1974. Farm debt
rose 9.8 percent, compared with 13.0
percent in 1974. Individuals' debt secured b}^ mortgages on one-to-four
family residential properties increased
8.5 percent, compared with 7.2 percent
in 1974. Noncorporate mortgage indebtedness on commercial and multifamily properties increased 6.6 percent,
about one-half as much as in the
previous year. Commercial and financial debt increased in 1975, after
declines in 1974. Consumer debt increased in both 1974 and 1975.
Public debt as a percentage of total
debt had declined each year from
1945 through 1974 (table 2). This trend
The Unemployed: Job Losers, Leavers, Reentrants,
and New Entrants
FROM the second quarter of 1975 to
the second quarter of 1976, the number
of unemployed persons decreased 13
percent, from a high of 8,150,000 to
7,050,000 (table 3). This decrease is
attributable entirely to a drop in unemployed job losers, from 4,650,000 to
3,550,000. A decrease of 100,000 in
unemployed labor force reentrants was
offset by increases in unemployed job
leavers (50,000) and new entrants to
the labor force (75,000). 1
Because the decrease in unemployment was concentrated among job
losers, the proportion of the unem1. Job losers are unemployed persons who left their last
job involuntarily— because of a layoff, for example. Job
leavers are unemployed persons who quit their last job and
immediately began looking for work. Reentrants are those
who once worked at a full-time job lasting 2 weeks or longer,
and who then dropped out of the labor force before under
taking their current job search. New entrants are those who
have never had a full-time job lasting 2 weeks or longer.
Table 3.—Unemployed Persons and Rates of Change, by Age-Sex Group
arid Unemployment Category
Thou sands
1975: II
_
Percent change
1976: II
8 148
4 650
815
1 915
768
3 624
2 791
299
467
73
2 741
1 402
369
870
101
1 783
457
154
578
594
7 060
3 548
859
1 803
850
2 955
2 106
310
466
73
2 416
1 051
395
864
107
1 688
390
154
474
670
2. For an analysis of the behavior of the four categories of
unemployment during the recent recession, see the February
1976 SURVEY OF CURRENT BUSINESS.
1975: II
1975: 11—1976: II
— 13
—24
5
—6
11
— 18
—25
6
o
o
— 12
25
7
_1
6
—5
— 15
o
—18
13
NOTE.—Details may not add to totals because of rounding. Because of differences in seasonal adjustment, the figures
reported here may differ from those published by the Bureau of Labor Statistics. For each of the four categories in each age-sex
group, BE A seasonally adjusted the data on the basis of seasonal factors derived from unadjusted monthly Bureau of Labor
Statistics data from January 1969 to September 1975. All totals are the sums of their seasonally adjusted components.
Source: Bureau of Labor Statistics; seasonal adjustment by Bureau of Economic Analysis.
ployed represented b}^ job losers fell
from 57 percent to 50 percent during
the period (table 4). Among unemployed adult men, this proportion fell
from 77 to 71 percent; among adult
women, from 51 to 44 percent; and
among teenagers, from 26 to 23 percent.
Except for teenage reentrants, the proportion of the unemployed in each of
the categories other than job losers rose
in each age-sex group.
The large drop in job losers corresponds to the large increase during
the preceding downturn, and is typical
of a recovery, when many workers who
were discharged during the downturn
regain employment. 2 For example, job
Table 4.—Composition of Unemployment
by Age-Sex Group and Unemployment
Category
[Percent]
[Seasonally adjusted]
Total
Job losers
Job leavers
Reentrants
New entrants
Men, 20 years and over
Job losers
Job leavers. ... _
Reentrants
New entrants.
Women, 20 years and over
Job losers
Job leavers
Reentrants .
New entrants
Both sexes, 16-19 years
Job losers
Job leavers .
...
Reentrants
New entrants . _ _
was interrupted in 1975, when public
debt increased to 24.7 percent of total
debt from 23.2 percent in 1974.
Estimates of public and private debt
for 1955-64 are in the May 1970 issue
of the SURVEY OF CURRENT BUSINESS;
estimates for earlier years are in the
May 1969 SURVEY.
Total:
Job losers
Job leavers
Reentrants
New entrants
Men, 20 years and over:
Job losers
Job leavers
- - -- - Reentrants
New entrants
Women, 20 years and over:
Job losers
Job leavers
Reentrants
New entrants
Both sexes, 16-19 years:
Job losers
Job leavers
New entrants
- -
1976: II
57.1
10.0
23.5
9.4
50.2
12.2
25.5
12.0
77.0
8.1
12.9
2.0
71.3
10.5
15.8
2.5
51.1
13.5
31.7
3.7
43.5
16.3
35.7
4.4
25.6
8.6
32.4
33.3
23.1
9.1
28.1
39.7
NOTE.—Details may not add to 100 percent because of
rounding.
Source: Bureau of Labor Statistics; seasonal adjustment by
Bureau of Economic Analysis.
SURVEY OF CURRENT BUSINESS
losers accounted for 84 percent of the
decrease of 450,000 in unemployment
during the first year of recovery from
the unemployment high of 5,100,000
in the fourth quarter of 1971. The
proportion of the unemployed represented by job losers fell from 46 to 42
percent during that period, and the
proportion in each of the other categories rose.
Special table
The reconciliation of changes in
compensation per hour and average
hourly earnings is shown in table 5.
August 1976
Table 5.—Reconciliation of Changes in Compensation Per Hour in the
Business Economy Other Than Farm and Housing and Average Hourly
Earnings in the Private Nonfarm Economy, Seasonally Adjusted
1976
I
1. Compensation per hour of all persons in the
business economy other than farm and
housing (percent change at annual rate) . . 9.3
2. Plus: Contribution of housing and non.2
profit institutions
.1
3. Less: Contribution of supplements
4. Less: Contribution of employees of government enterprises and self-employed
and unpaid family workers .
.7
5. Equals: Wages and salaries per hour in the
private nonfarm economy (percent change at annual rate)
8.7
6. Less: Contribution of supervisory and nonproduction workers. non-BLS data,
and detailed weighting, total
1.7
19 76
II
I
8.6
.0
.1
.8
7.7
1.4
Commodity-producing industries
-.4
— i
Manufacturing
4
Distributive industries. - Service industries
17
7. Equals: Average hourly earnings, producduction and nonsupervisory
workers, obtained from seasonally adjusted industry components
(percent change at annual rate). - - 7.0
8. Less: Contribution of seasonal adjustments
by industry
-.6
9. Equals: Average hourly earnings, production
and nonsupervisory workers in
the private nonfarm economy
(percent change at annual rate) . - - 7.6
Announcement of New BE A Capital Stock Volume
A volume presenting annual estimates of the stock of fixed nonresidential business and residential capital in the United States for 1925-75
has been published by the Bureau of Economic Analysis.
The publication, entitled Fixed Nonresidential Business and Residential Capital in the United States, 1925-75, gives tabulations of gross
and net capital stocks, depreciation, discards, ratios of net to gross
stocks, and average ages of gross and net stocks in historical cost,
constant cost, and current cost valuations. Estimates are presented by
legal form of organization, by major industry group (farm, manufacturing, nonfarm nonmanufacturing) for fixed nonresidential business
capital, and by tenure group (owner occupied and tenant occupied)
for residential capital. The publication also presents the estimates by
detailed types of assets, the investment data used to derive the capital
stock estimates, and a detailed statement of the sources and methods
used.
Copies of this 460-page volume can be purchased from the National
Technical Information Service, Springfield, Virginia 22161, for $12.00
per paper copy and $2.25 in microfiche. Please mention accession
number PB 253725 when ordering and make remittance payable to
"National Technical Information Service."
The estimates presented in the volume do not reflect the revised
investment flows published in the July 1976 SURVEY OF CURRENT
BUSINESS. Updated figures for selected gross and net stock aggregates
that incorporate the revised investment flows are shown on page 64
in this issue.
II
.7
5
4
3
6.3
.6
5.7
SURVEY OF CURRENT BUSINESS
August 1976
NATIONAL INCOME AND PRODUCT TABLES
1975
1974
1975
I
II
1976
III
IV
I
1975
II*
1974
1975
I
II
Seasonally adjusted at annual rates
1976
III
IV
I
II*
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1972 dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
1,413.2 1,516.3 1,446.2 1,482.3 1, 548. 7 1,588 2 1, 636. 2 1, 674. 1 1 214 0 1,191.7 1,161 1 1,177 1 1,209 3 1,219 2 1,246 3
Gross national product
Personal consumption expenditures
887 5
973 2
933 2
960 3
987 3 1,012 0 1 043 6 1,064 7
121.6
376 2
389.6
131.7
409 1
432.4
122.1
394 4
416 7
127.0
405 8
427.4
136.0
414 6
436.7
141.8
421 6
448.6
151.4
429 1
463 2
155.0
434 8
474.9
215 0
183 7
172 4
164 4
196 7
201 4
229 6
204.3
198.3
194.6
194.3
198.6
205.7
214.7
Nonresidential .
Structures
..
- Producers' durable equipment
149 2
54.1
95 1
147 1
52.0
95 1
148 0
53.1
94 9
145.8
51.2
94 6
146 1
51.8
94 3
148.7
52.1
96 6
Residential
Nonfarm structures
Farm structures
Producers' durable equipment-.. _
55 1
52 7
1.0
1.3
51 2
49 0
.8
1.3
46 6
44 9
5
1.2
48 6
46 7
.6
1.3
52 6
50 2
1.0
1.4
10.7
12 2
—1 5
-14.6
— 17 6
30
— 22.2
—25 6
34
-30.0
—31 2
1.2
7 5
20 5
15 0
24 4
Durable goods
Nondurable goods
Services
.
._ .- .
Gross private domestic investment
Fixed investment-.
Change in business inventories _
Nonfarm
Farm
Net exports of goods and services
Exports
Imports
- - - - -
Government purchases of goods and services
Federal
National defense
Nondefense
State and local
1 259 4
759 1
770 3
754 6
767 5
775 3
783 9
800 7
808 6
112.3
303 5
343 4
111.9
306 1
352.4
106.0
300 6
348.0
108.4
307 2
351.8
115.1
306 8
353.4
118.0
309 5
356.4
124.3
314 6
361.8
125.2
317 6
365. 8
239.2
182 0
137 8
129 3
126 2
148 7
147 0
167 1
171.7
223.2
173.5
149.8
149.8
147.4
149.7
152.5
156.7
160.6
153 4
53.2
100 2
157.9
54.9
103.0
128 5
42.1
86 5
111.4
36.7
74 7
114.4
37.5
76 9
110.6
36.1
74 5
110.1
36.6
73 5
110.5
36.7
73.8
112.6
37.1
75 5
114.9
37.9
77. 0
57 0
54.2
1.4
1.4
61 3
58 6
1.2
1.5
65 3
62.9
.9
1.5
45 0
42 9
.8
1.3
38 4
36.6
.6
1.2
35 4
34.0
.4
1.0
36 8
35.2
.4
1.1
39 6
37 6
.7
1.2
41.9
39.7
1.0
1.2
44 1
42.0
.9
1.3
45.7
43.9
.6
1.2
-2.0
—4 2
2 2
-4.3
—9 5
5.2
14.8
12 7
2 2
16.0
17 3
-1.3
8.5
89
— .4
-12.0
— 13 0
.9
-20.5
—21 5
1.0
-21.2
—21 5
.3
—1.0
—1 9
.9
-5.5
-7.0
1.5
10.4
8.9
1.5
11.1
12.0
-.9
21.4
21.0
84
8.1
16.5
22.6
20 1
24.3
22.8
23.1
16.6
15.4
159.1
151 0
97.2
80 7
90.6
68.1
90.3
70.2
87.7
63.4
90.7
67.9
93.9
70.8
93.6
77.0
94.7
79.3
144.4
136 9
148.1
127 6
147.5
132 5
142.9
118 5
148.2
126 8
153.7
132.7
154.1
145 7
303.3
339.0
325.6
333.2
343.2
353.8
354.7
362.0
256.4
261.0
257.1
259.1
262.4
265.2
111.6
77 3
34 3
191.6
124.4
84 3
40 1
214.5
120.3
82 0
38 3
205 3
122 .4
83 4
39 0
210.9
124.6
84 6
40.0
218.6
130.4
87 1
43.2
223.4
129.2
86 2
42 9
225.5
131.2
86 9
44 2
230.9
95.3
95.7
94.8
95.3
95.6
97.2
95.4
96.0
161.1
165.2
162.2
163.8
166.9
168.0
166.6
167.7
261.9
263.6
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product
Final sales
Change in business inventories
1, 413. 2 1,516.3 1, 446. 2 1, 482. 3 1, 548. 7 1, 588. 2 1, 636. 2 1, 674. 1 1, 214. 0 1, 191. 7 1, 161. 1 1, 177. 1 1,209.3 1,219.2 1,246.3
1, 259.
1 402 5 1 531 0 1 468 4 1 512.3 1 550.6 1, 592. 5 1 621.4 1 658 1 1, 205. 5 1, 203. 7 1, 181. 6 1, 198. 2 1,210.2 1, 224. 7 1, 235. 9
10.4
-5.5
-1.0
8.5 -12.0 -20.5 -21.2
10.7 —14.6 —22 2 —30.0
-4.3
-2.0
16.0
14.8
1, 248.
11.
Goods
Final sales.
C hange in business inventories
639 7
629.0
10.7
681 7
696.3
— 14.6
642 6
664 8
—22 2
661 0
691 0
—30.0
703 5
705 4
-2.0
719.7
724.0
-4.3
742.3
727.5
14.8
758 4
742 4
16.0
552.9
544.4
8.5
532.6
544.7
-12.0
512.2
532.7
-20.5
522.5
543.7
-21.2
546.0
547.0
-1.0
549.9
555.4
-5.5
569.5
559.1
10.4
576.
564.
11.
Durable goods
Final sales
Change in business inventories
247 2
240 2
7 1
254 4
266 5
— 12 l
234 1
249 5
— 15 4
248 5
263 8
—15 3
265 0
272 0
—7 0
270 0
280 6
— 10 6
282 7
286 3
—3 6
301 2
295 8
54
224.1
218 6
55
204.7
214 1
—9 4
193.3
206.8
— 13.5
200.1
211.9
-11.9
212.1
216.8
-4.6
213.4
220.7
-7.4
221.9
224.3
-2.4
230.
226.
3.
Nondurable goods .
Final sales
Change in business inventories
392 4
388 9
3.6
427 3
429 8
—2 6
408 5
415 3
—6 8
412 5
427 2
— 14 7
438 4
433 4
50
449 7
443 3
6.3
459 6
441 1
18.5
457 1
446 6
10.6
328 8
325.8
3.0
327.9
330.6
-2.7
318.9
325.9
-7.0
322.4
331.7
-9.3
333.9
330.2
3.7
336.6
334.7
1.9
347.6
334.8
12.8
345.
338.
7.
626.6
146 9
692.5
142 1
666 3
137 2
684 2
137 1
700 2
145 0
719.5
149 1
742.6
151 3
758 4
157 3
545.0
116 1
556.6
102 4
549.6
99.3
555.4
99.2
558.7
104.6
562.8
106.4
570.3
106.6
574.
108.
Services
Structures
Table 3.—-Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Gross domestic product - Business
_
Nonfarm.Farm
Statistical discrepancy
Residual l
Households and institutions
Government.
Federal
State and local
..
Rest of the world.
1 413 2 1 516 3 1 446 2 1 482 3 1 54S 7 1 588 2 1 636 2 1 674 1 1 214 0 1, 191. 7 1, 161. 1 1, 177. 1 1,209.3 1,219.2 1,246.3
1,398 7 1 505 7 1 436 7 1 471 7 1 537 4 1,577 1 1 623 2 1 662 8 1 206 9 1, 186. 8 1, 157. 0 1, 172. 2 1,204.0 1,214.1 1, 240. 4
1,259.4
989.9 1, 020. 8 1, 030. 2 1, 055. 1
956.6 983.0 994.1 1, 018. 0
34.3
34.2
34.6
36.0
1,068.0
1,031.6
34.9
975.6
938 8
31 8
4.9
38.3
-1.3
38.4
1.8
38.5
1.9
38.8
2.8
39.8
1.6
40.4
161 6
54 9
106.7
178 5
59 3
119 2
172 4
58 2
114 2
176 3
58 4
117 9
180 1
59 1
121 1
185 2
61 5
123 7
189 2
62 2
127 0
192 5
62 5
130.0
141 5
48 4
93.1
144.2
48.2
96.0
143.1
48.4
94.7
143.9
48.2
95.7
144.7
48.2
96.5
145.1
48.1
97.0
145.5
48.1
97.4
146.0
48.0
97.9
14 5
10 6
9 4
10 6
11 3
11 1
13 0
11 2
7 0
4.8
4.1
4.8
5.3
5.1
5.9
5.0
* Second quarter corporate profits (and related components and totals) are preliminary and
subject to revision next month.
1. Equals GNP in constant dollars measured as the sum of final products less GNP in
constant dollars measured as the sum of gross product by industry. The quarterly estimates
are obtained by interpolating the annual estimates with the statistical discrepancy deflated
by the implicit price deflator for gross domestic business product.
NOTE.—Table 2: "Final sales" is classified as durable or nondurable by type of product.
1,254.3
1, 192 4 1 277 5 1 216 3 1 246 4 1 306 8 1 340 4 1, 380 7 1 415 5 1,027 3 1, 004. 1
968 1
1 137 3 1 222 8 1 167 4 1 197 4 1 246 7 1 279 6 1 324 8 1 354 8 987 7
55 o
48 5
48 7
42 5
54 8
32 0
34 1
50 3
49 0
55 0
5i
66
4 4
61
57
64
7 2
01
1.8
7.5
44 7
38.5
38 2
48 1
51 5
53 3
49 7
54 8
49 0
50 4
"Change in business inventories" is classified as follows: For manufacturing, by the type of
product produced by the establishment holding the inventory; for trade, by the type of
product sold by the establishment holding the inventory; for construction, durable; and for
other industries, nondurable.
.
Table 3: The industry classification within the business sector is on an establishment basis
and is based on the 1967 Standard Industrial Classification.
SURVEY OF CURRENT BUSINESS
6
1976
1975
1974
1975
I
II
August 1976
IV
III
I
1975
II*
1974
1975
I
Seasonally adjusted at annual rates
II
1976
III
IV
I
II*
Seasonally adjusted at annual rates
Billions of dollars
Billions of dollars 1972
Table 4.—Relation of Gross National Product, Net National Product,
National Income, and Personal Income (1.9)
1,413.2 1,516.3 1,446. 2 1,482.3 1,548.7 1,588.2 1,636. 2 1,674.1
Gross national product
Less:
Capital consumption allowances with capital consumption adjustment
137.7 161.4 152.9 158.7 164.4 169.5 173.6 177.7
Capital consumption allowances without capital consumption adjustment
119.8 130.8 126.7 128.8 132.3 135.5 137.5 140.5
Less: Capital consumption
adjustment
-17.9 -30.5 -26.1 -29.9 -32.1 -34.0 -36.1 -37.2
Equals: Net national product._. 1,275.5 11,355.0 1,293.3 1,323.6 1,384.3 1,418.7 1,462.6 1,496.4
Less: Indirect business tax
and nontax liability.— 128.4 .38.7 132.6 136.5 141.5 144.1 144.9 148.2
Business transfer pay5.6
6.2
6.4
7.0
ments
6.3
6.8
5.9
6.6
Statistical discrepancy..
.1
5.7
6.6
7.2
4.4
6.4
5.1
6.1
Plus: Subsidies less current
surplus of government
.7
enterprises
1.4
2.1
.9
1.9
2.7
2.0
Table 5.—Relation of Gross National Product, Net National Product
and National Income in Constant Dollars (1.10)
1,214.0 1,191.7 1,161.1 1, 177. 1 1, 209. 3 1, 219. 2 1, 246. 3 1, 259. 4
Gross national product
Less: Capital consumption alallowances with capital consumption adjustment
117.1
121.5
122.2
120.9
119.7
123. 4
124. 5
125. 6
Equals: Net national product.. 1, 096. 9 1, 070. 1 1,041.4 1, 056. 2 1, 087. 1 1, 095. 8 1,121.8 1,133.7
Less: Indirect business tax
and nontax liability
plus business transfer
payments less subsidies plus current
surplus of government
enterprises
Residual l...
Equals: National income
117.3
118.2
116.6
117.7
118.5
120.1
122.0
122.8
7.5
1.8
4.9
-1.3
1.8
1.9
2.8
1.6
972.0
950.0
919.9
939.8
966.8
973.7
997.0 1,009.3
Equals: National income
1,135.7 1,207. L,149.7 1,182.7 1,233.4 1,264.6 1,304.7 1,336.3
Less: Corporate profits with
inventory valuation
and capital consumption adjustments
84.8
91.6
86.6 105.3 105.6 115.1 115.3
69.0
Net interest
80.3
78.6
67.1
74.6
74.9
73.7
75.8
74.0
Contributions for social
insurance
103.4 109.7 107.6 108.1 110.3 112.6 119.3 121.4
Wage accruals less dis.0
bursements
-.5
.0
.0
.0
.0
.0
.0
Plus: Government
transfer
payments to persons. _ 134.6 168.9 157.8 169.3 172.7 176.0 181.8 180.6
Personal interest income - 101.4 110.7 108.2 109.0 111.0 114.4 118.0 120.7
Net interest
80.3
67.1
74.
78.6
73.7
74.9
75.8
74.0
Interest paid by government to persons
38.3
and business
29.2
30.5
32.8
35.4
33.3
37.0
32.0
Less: Interest received
by
government
17.2 19.5
21.1 21.7
18.5
19.4
20.2
20.0
Interest paid by con23.9
sumers to business. _
22.2
22.4
22.8
22.5
22.8
23.3 23.4
34.4
32.1
Dividends
30.
32.2
33.1
31.7
31.9
32.6
Business transfer payments
7.0
5.6
6.2
6.8
6.3
5.9
6.4
6.6
Equals: Personal income.
1,153.3 1,249. 7 1,, 203.1 1,230.3 1,265.5 1,299.7 1,331.3 1,362.0
1974
1975
I
II
III
IV
I
1976
1975
1976
1975
II*
1974
1975
I
II
III
IV
I
II*
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Billions of 1972 dollars
Billions of current dollars
Table 6.—Net National Product and National Income by Sector in Current and Constant Dollars (1.11, 1.12)
Net national product
Net domestic product
Business
Nonfarm
Farm
Statisticall discrepancy
Residual
Households and institutions
Government
_ _
Rest of the world _
National income
Domestic income- _
Business
Nonfarm .
Farm
Households and institutions
Government
Rest of the world
__ _ _
_ _ __
1,128.7
1 054.7 1 116 1 1,063 4 1 087 7 1 142 4 1 170.9 1 207 1 1, 237. 8 910.1
1 009 6 1 073 2 1 025 8 1 050 3 1 094 2 1 122 2 1 163 6 1 183 8 879 2
42 3
42 6
23 5
38 5
31 1
36 3
38 5
37 3
43 1
'i
57
61
66
6 4
51
7 2
4 4
7.5
38.2
54 8
51.5
44 7
48 1
53 3
49 7
49 6
50 4
192.5
141.5
185.2
161.6
172 4
178 5
176 3
189 2
180 1
882.6
855 3
25.4
885.5
827.7
23.2
869.0
844.4
25.9
898.6
869.6
27.2
906.8
879. 5
25.4
930.6
902.3
25.5
942.4
914.8
26.0
1.8
38.5
144.2
4.9
38.3
143.1
-1.3
38.4
143.9
1.8
38.5
144.7
1.9
38.8
145.1
2.8
39.8
145.5
1.6
40.4
146.0
11 2
70
4.8
4.1
4.8
5.3
5.1
5.9
5.0
1, 135. 7 1 207 6 1,149 7 1,182 7 1 233 4 1 264 6 1,304 7 1, 336. 3
972.0
950.0
919.9
939.8
966.8
973.7
997.0
1,009.3
14 5
10 6
9 4
10 6
11 3
11 1
13 0
1 121 2 1 197 0 1 140 2 1 172 11 222 1 1 253 5 1 291 7 1,325 0
965.0
945.2
915.8
934.9
961.5
968.6
991.1
1,004.3
991 5 1 016 8 1 049 2 1, 077. 7
976 0 1 014 9 1 037 5
950 2
40.2
34 3
40 8
41 3
54.8
51 5
53 3
50 4
192
5
185 2
189 2
180 1
785.3
760 3
25.0
141 5
762.5
735.7
26.8
38.5
144.2
734.3
709.9
24.4
38.3
143.1
752.6
725.2
27.4
38.4
143.9
778.3
749.5
28.8
38.5
144.7
784.7
758.1
26.7
38.8
145.1
805.8
778.9
26.8
39.8
145.5
818.0
790.4
27.6
40.4
146.0
11.2
7.0
4.8
4.1
4.8
5.3
5.1
5.9
5.0
914.9
878 3
36 6
44.7
161 6
968 7
931 9
36 9
49 7
178 5
919 8
890 2
29 6
48 1
172 4
946 8
911 1
35 7
49 0
176 3
14.5
10 6
9 4
10 6
11 3
*See footnote on page 5.
1. Equals GNP in constant dollars measured as the sum of final products less GNP in
constant dollars measured as the sum of gross product by industry. The quarterly estimates
are obtained by interpolating the annual estimates with the statistical discrepancy deflated
by the implicit price deflator for gross domestic business product.
1, 133. 7
1 275 5 1 355 0 1 293 3 1 323 6 1 384 3 1 418 7 1 462 6 1 496 4 1 096 9 1 070.1 1,041.4 1, 056. 2 1, 087. 1 1, 095. 8 1,121.8
1, 261. 0 1 344.4 1, 283. 9 1, 313. 0 1, 373. 0 1, 407. 6 1, 449. 6 1, 485. 1 1, 089. 8 1, 065. 3 1,037.3 1,051.3 1,081.9 1, 090. 7 1,115.9
11 1
13 0
oo 2
NOTE.—Table 6: The industry classification within the business sector is on an establishment basis and is based on the 1967 Standard Industrial Classification.
SURVEY OF CURRENT BUSINESS
August 1976
1976
1975
1974
1975
I
II
I
IV
III
1975
II*
L974
1975
I
Seasonally adjusted at annual rates
,135.7 ,207.6 ,149.7 , 182. 7 ,233.4 1,264.6
304.71,336.3
928.8
904.0
912.9
935.2
963.1
994.4 1,017.2
764.5
806.7
785.8
792.8
811.7
836.4
861.5
881.1
160.4
604.1
175.8
630.8
170.0
615.7
173.8
619.0
177.3
634.4
182.2
654.1
185.4
676.1
188.7
692. 4
111.3
122.1
118.2
120.1
123.5
126.7
132.9
136.2
55.8
55.5
59.7
62.5
58.2
60.0
58.7
61.4
60.2
63.3
61.6
65.2
65.9
67.1
67. 1
69.0
Proprietors' income with inventory valuation and capital consumption adjustments
Farm
Proprietors' income with
inventory valuation adjustment and without
capital consumption adjustment .
...
Capital consumption adjustment
Nonfarm
Proprietors' income without inventory valuation
and capital consumption adjustments
Inventory valuation adjustment
Capital consumption adjustment
Rental income of persons with
capital consumption adjustment
Rental income of persons
Capital consumption adjustment
Corporate profits with inventory valuation and capital
consumption adjustments.
Corporate profits with inventory valuation adjustment and without
capital consumption adjustment _
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profitsInventory valuation adjustment ...
...
Capital consumption adj ustment
Net interest
90,2
81.1
86.8
95.5
97.2
93.2
100.3
25 8
24 9
17.9
24.1
29.2
28.3
21.9
27.5
-2.6
61.1
-3.8
65.3
21.4
-3.5
63.2
27.8
-3.7
62.7
63.1
65.2
63.0
—3 6
—1 1
—1.3
16
13
1 5
14
21.0
22.4
21.9
22.2
33.3
37.0
35.6
36. C
-14.6
-13.6
-12.3
62.3
33.1
32.3
-3.5
66.5
-4.1
69.0
84.8
91.6
69.0
87.8
127.6
52.
75.
30.
44.
103.
114.5
49.
65.3
32.
33.
77."
94. r
40.
54.
31.
22.
-39.
-11.
-3.
-11.
67.
Capital consumption allowances with
capital consumption adjustment
Net domestic product
Indirect business tax and nontax
liability plus business transfer
74.
-16.
-8.
73.
—4. 2
72. 8
Corporate profits with inventory
valuation and capital consumption ad justmen ts
71.1
73. 2
—1.2
-.7
—1.3
1;
10
.9
•9
22.
22.9
23.3
37.
38.4
39.6
39.5
-16.3
-16.6
-14.: -14.
-15.
86. (
97.
105.
44.
61.
31.
29.
-7.
-11.
74.
105.
105.
115.1
115.3
117.
126.
54.
72.
32.
39.
119.
131.
57.
74.
32.
41.
129.6
141.1
61.4
79.7
33.1
46.6
130.7
145. 3
64. 1
81.1
34. 4
46. 8
-9.
-12.
-11.5
— 14 6
-12.
-13.
-14.5 -15.4
75.5*
74.
78.
Domestic income
Compensation of employees
Wages and salaries.Supplements to wages and salaries
. _
Corporate profits with inventory
valuation and capital consumption adjustments
11 1 R
99.3 103.1 10,>.2 105. o
m7 7
jfv* n
jju3.u
670.9 709.2 672.5 692.6 7 25.8 74(5.0 777. n" 7Q"> 3
587.3 612.7 598.1 601.4 (>16.0 63 5.0 657. 0y R7o Q
eye q
505.8 524.9 512.8 515.0 f. 27.5 54 4.1 562. 4 o/o.
y
81.5
87.8
85.3
86.4
88.5
9 0. 9
95. 5
98.0
73.7
85.4
63.5
80.3
98.8
116 5 108.4
88.7
99.5 120.4 125.0 133.
99.2 107. 4
4
109. 3
,00 o
139> 3
40.2
48.5
29.7
18.8
44.8
54.7
29.5
25.3
49.2
59.1
29.8
29.3
54.8
65.6
30.2
35.4
11.7
11.7
12.0
38.4
40.6
40.8
40.1
40.0
41.5
42.0
41.9
90.9
96.6
98.7 101.9 104.2 106.8
95.0
86.1
88.4
93.4
95.6
92.0
97.5
97.4
99.7
554.7 577.1 563 4 566.2 580.3 598.5 620.3 635.4
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
478.1 494.6 483.3 485.0
497.2 513.0 530.5 543.2
76.6
82.5
80.2
81 1
83.2
85.5
89.9
92.2
86.6
86.1
93.2
95.5
59.6
72.5
49.6
67.8
102.3
95.5
74.8
87.0 108.3 112.0 119.4 125.5
42.6
59 8
30 4
29.4
39.7
55.8
29.0
26.7
30 2
44.5
29.5
15.0
35 4
51.7
29.0
22.7
45.8
62.5
29.1
33 4
47.6
64.4
28.6
35.9
51.1
68.3
28.2
40.1
54.0
71.5
31.9
39.6
Inventory valuation adjustment. -39.8 -11.4 -16.5 -7.8 -9.0 -12.3 -11.5 -14.6
Capital consumption adjustment
-3.0 -11.6 -8.6 -11.4 -12.7 -13.6 -14.7 -15.5
_
_ _
29.0
30.8
30.0
30.2
30.8
32.0
33.9
35.2
Billions of 1972 dollars
Gross domestic product of nonfinancial corporate business
Capital consumption allowances with
capital consumption adjustment
Net domestic product
Indirect business taxes and nontax
liability plus business transfer
payments less subsidies
Domestic income
698.7 676.8 653.1 668.1 688.9 696.1 713.9 725.5
69.4
72.6
71.4
72.2
73.0
73.8
74.6
75.4
629.3 604.2 581.6 595.9 616.0 622.3 639.3 650.1
78.0 78.5 77.2 78.3 78.9 79.8 81.3 82.0
551.3 525.7 504.5 517.6 537.0 542.5 558.0 568.1
Dollars
^er^unit^Jf 'con -taSrt-frUw
1.15 ) 1.28 > 1.25') 1.27;I 1.29*> 1.3H> 1.325) 1.341
84.6 100.9 95.0 99.3 103.1 lot .4 108.
763.9 810.0 768.0 791.9 8 28.9 851 .2 882. ~>z
52.4
64. C
30.4
33. €
11.0
80.3
848.5 911.0 863.1 391.2 932.1 957 .5 991. [)^ 1' 014' 5
95.5
10.9
80.8
Compensation of employees
-4.2
71.4
—1 ]
10.9
643.2 680 4 643.1 664.2 697.7 716.7 747.4 766.1
Wages and salaries
Supplements to wages and salaries
69.2
11.1
729.3 773.8 731.5 756.1 793.3 814.2 844.8 865.8
1
93.0 100.8
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
31. 7
66.1
9.9
Gross domestic product of nonfinancial
corporate business. . - 810.0 870.4 822.3 851.1 892.0 916.1 949.0 972.6
Net interest
Gross domestic product of corporate business
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Gross domestic product of1 financial corporate business
26.1
Table 8.— Gross Domestic Product of Corporate Business (1.15, 7.8)
Profits before tax
N e t interest _ _ _ _ _ _
Domestic income
28.6
II*
Net domestic product— Continued.
Inventory valuation adjustment -39.8 -11.4 --16.5 -7.8 -9.0 -12.3 -11.5 -14.6
Capital consumption adjustment
-3.0 -11.5 -8.6 -11.4 -12.6 -13.5 -14.5 -15.4
Capital consumption allowances with
capital consumption adjustment
86.9
28.4
I
Table 8. —Gross Domestic Product of Corporate Business — Con.
875.8
Wages and salaries
Government and government enterprises
Other
Supplement to wages and
salaries
Employer contributions
for social insurance
Other labor income
IV
Billions of dollars
Table 7. —National Income by Type of Income (1.13)
National income
III
Seasonally adjusted at annual rates
Billions of dollars
Compensation of employees
II
1976
57. 2
6 7.8
2 9.9
3 7.9
4 ft, *
61.
75 2
72 0
28 9
32'. 7
43 1
42.4
Capital consumption allowances with
capital consumption adjustment
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Domestic income...- _
. -_ _
Compensation of employees
Corporate profits with inventory
valuation and capital consumption adjustments _
Profits tax liability
Profits after tax with inventory
valuation and capital consumption adjustments
Net interest
.11B
.14 3
.13J
.14 2
.14,\
.14(>
.14 5
.147
1.04 4 1.14 3 1.12» 1.132 1.15 I 1.17 ) 1.18 J 1.193
123 .138
.92 1 1.005
.135
.985
.138 .133 .14 3 .135 .137
.994 1.013 1.030 1.04 7 1.056
.794
.853
.863
.847
.84 2
.8610
.869
.876
.085
06 1
.107
.059
.076
.046
.101
.053
.126
.066
.124
.068
.131
.072
.132
.074
.02 4
.04 8
.030
.049
.059
.055
.059
.057
.046
.047
.049
04 1 .045
.046
.045
.045
I8 cofnsisntfo7tLPfoneowing industries: Banking; credit agencies other than banks; security
and commodity brokers, dealers, and services; insurance carriers; regulated investment companies; small business investment companies; and real estate investment trusts
2. Equals the deflator for gross domestic product of nonftnancial corporate business with tne
decimal point shifted two places tc the left.
SURVEY OF CURRENT BUSINESS
8
1975
I
1975
1974
II
August 1976
1975
1976
IV
III
I
II
1974
I
1975
II
1976
III
IV
I
II
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Billions of 1972 dollars
Billions of current dollars
Table 9.—Auto Output in Current and Constant Dollars (1.16, 1.17)
Auto output
..
42.7
45.8
36.3
44.1
52.0
51.0
61.2
64.3
40.0
39.7
32.7
38.6
45.0
42.6
50.4
51.8
41 9
36 1
27.4
8.7
8.0
11 7
—3 8
-2.7
4.6
7.3
.5
47.2
40 3
29.7
10.5
8.0
13.0
—5 0
-1.6
5.5
7. 1
.5
42 5
36 0
27 6
8.4
7.3
11 1
—3 8
-1.3
4.7
6. 1
.6
44 4
37 1
27.2
10.0
7.7
12 2
—4 5
-1.0
5.2
6.2
.6
50 0
42 8
31.5
11.3
8.9
14 8
—5 8
-2.3
5.8
8. 1
.5
51 8
45 1
32 6
12.4
8.1
14 0
—5 9
-1.9
6.2
8.2
.5
59 7
52 6
39.4
13.2
9.4
15 4
—6 0
-2.8
6.1
8.9
.6
61 9
54.9
39.7
15.3
8.9
16.0
—7 0
-2.5
6.5
9.0
.5
39.4
33.1
26.0
7.2
7.7
11.1
—3 4
-1.8
40.8
33.4
25.9
7.5
7.5
11.3
—3 8
-.6
38.0
31.1
24.7
6.4
6.9
9.9
—3 0
-.5
38.5
31.0
23.7
7.2
7.1
10.7
—3.5
-.1
43.2
35.3
27.4
8.0
8.5
12.8
—4 3
-1.1
6.2
.5
5.3
.5
4.6
.5
4.7
.5
6.0
.5
43.4
36.1
27.6
8.5
7.5
11.8
—4.3
-.6
5. 2
5.8
.4
49.5
41.7
32.7
9.0
8.4
12.7
—4 3
-1.1
5. 1
6.2
.5
50.1
42.1
32.8
9.3
8.5
13.2
-4.7
-.9
5.4
6.4
.5
Change in business inventories of new and used
autos
New
.. .
Used
.8
.9
_ i
— 1.3
— 1.5
—6.3
—6.4
1
— 3
9
o
2.0
17
3
— 8
—1 1
3
15
13
2
2 4
2.4
o
.6
.7
— i
1
—5.3
-5.4
.1
.1
.1
0
1.8
1.6
o
-.8
-1.1
.2
.9
.7
.2
1.7
1.7
.0
Addenda:
!
Domestic output of new autos
__
Sales of imported new autos 2
35.2
9.0
37.4
10 3
28.7
10 1
36.1
10 0
43.5
10 9
41.3
10 0
50.7
10 0
51.9
11 5
33.2
8.5
32.5
8.9
25.7
9.0
31.5
8.7
37.7
9.5
35.0
8.5
42.2
8.3
42.9
9.5
Final sales
Personal consumption expenditures
New autos
_
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
Exports
Imports
Government purchases of goods and services
Q
1975
1974
1975
I
II
-1.1
-1.2
1975
1976
III
IV
I
1974
II
1975
I
II
Billions of dollars
Billions of dollars
Table 10.—Personal Income and Its Disposition (2.1)
Personal income
IV
III
II
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Wage and salary disbursements -
I
1976
Table 10.—Personal Income and Its Disposition—Con.
1, 153. 3 1,249.7 1,203.1 1,230.3 1,265.5 1,299.7 1,331.3 1, 362. 0
Less: Personal tax and nontax
payments
170.4
168.8
179.3
142.2
174.0
179.8
183.8
189.5
765.0
806.7
785.8
792.8
811.7
836.4
861.5
881.1
Commodity-producing industries 3
. . _ . 273.9
Manufacturing
221 A
Distributive industries 4
184.4
Service industries 5 . _
. 145.9
Government and government enterprises _ .. .
160.9
Equals: Disposable personal
income
982.9 1,080.9 1,023.8 1,088.2 1,091.5 1,119.9 1,147.6 1, 172. 5
275.3
211.7
195.6
159.9
269.9
206.8
191.0
154.8
269.1
206.9
192.5
157.4
276.2
212.5
196.8
161.3
285.8
220.3
202.3
166.1
295.3
229.6
208.3
172.4
302 9
235.6
212.8
176 7
Less: Personal outlays
910.7
996.9
956.7
983.6 1,011.1 1, 036. 2 1,068.0 1,089.6
887.5
973.2
933.2
960.3
175.8
170.0
173.8
177.3
182.2
185.4
188 7
22.2
22.8
22.5
22.4
22.8
23.3
23.4
62.5
60.0
61.4
63.3
65.2
67.1
69 0
.9
.9
.9
.9
.9
1.0
1.0
Other labor income - - Proprietors' income with inventory valuation and
capital consumption adjustments
Farm _ . .
Nonfarm..
Rental income of persons with
capital consumption adjustment
... .
55.5
90.2
81.1
86.8
95.5
97.2
93.2
100.3
25.8
61.1
24.9
65.3
17.9
63.2
24.1
62.7
29.2
66.3
28.3
69.0
21.9
71.4
27.5
72. 8
22.4
21.9
22.3
22.4
22.9
23.3
23 l
Dividends
Personal interest income
30.8
101.4
32.1
110.7
31.7
108.2
31.9
109.0
32.6
111.0
32.2
114.4
33.1
118.0
34.4
120. 7
Transfer payments
140.3
175.2
163.7
175.5
179.1
182.5
188.6
187. 6
Less: Personal contributions
foor scial insurance..
70.1
81.4
76.7
77.8
84.7
86.3
88.1
6.6
11.8
17.3
14.5
15.0
14.6
18.1
13.9
18.4
14.2
17.7
15.0
17.7
16.0
15.3
14.7
18.6
22.1
21.0
21.6
22.4
23.3
23.8
24. 9
79
25 2
9.2
30.8
8.7
27.7
9.0
35.1
9.4
30.0
9.7
30.5
9.8
33.2
9.7
33.4
47.6
50.0
49.4
49.5
50.1
51.0
53.4
54> 0
_.
*
1.0
987.3 1, 012. 0 1, 043. 6 1,064.7
23.9
72.2
84.0
67.2
104.5
80.5
83.7
79.5
82.9
Total, billions of 1972 dollars _
840.8
855.5
827.9
869.7
857.1
867.5
880.4
890.5
Per capita:
Current dollars
1972 dollars
4,639
3,968
5,062
4,007
4,809
3,889
5, 102
4,078
5, 105
4,009
5,227
4,049
5,347
4,103
5,455
4,143
Population
millions)
211.9
213.5
212.9
213.3
213.8
214.2
214.6
214.9
7.3
7.8
6.6
9.6
7.4
7.5
6.9
7.1
Equals : Personal saving
86.9
21.0
Old-age, survivors, disability, and health insurance benefits
_.
Government unemployment insurance benefits
Veterans benefits..
Government employee retirement benefits
Aid to families with dependent children
Other
Personal consumption expenditures
Interest paid by consumers
to business
Personal transfer payments
to foreigners (net)
Addenda:
Disposable personal income:
(mid-period,
Personal saving as percentage
of disposable personal income
1. Consists of final sales and change in business inventories of new autos produced in the
United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and
government purchases.
3. Consists of agriculture, forestry, and fisheries; mining; contract construction; and manufacturing.
4. Consists of transportation; communication; electric, gas, and sanitary services; and
trade.
5. Consists of finance, insurance, and real estate; services; and rest of the world.
NOTE.— Table 10: The industry classification of wage and salary disbursements and proprietors' income is on an establishment basis and is based on the 1967 Standard Industrial
Classification.
SURVEY OF CUERENT BUSINESS
August 1976
1976
1975
1974
1975
I
9
III
II
I
IV
1975
II
1974
1975
I
1976
II
Seasonally adjusted at annual rates
III
IV
I
II
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1972 dollars
Table 11.—Personal Consumption Expenditures by Major Type of Product in Current and Constant Dollars (2.3, 2.4)
887.5
973.2
933.2
960.3
987.3 1, 012. 0 1, 043. 6 1,064.7
759.1
770.3
754.6
767.5
775.3
783.9
800.7
808.6
.
121.6
47.9
54.7
19.1
131.7
53 2
57.6
21.0
122.1
47.6
54.6
19.9
127.0
49 5
57.0
20.5
136.0
56.3
58.2
21.5
141.8
59 2
60.6
22.0
151.4
68 0
61.2
22.2
155.0
70 4
62.3
22.3
112.3
44.4
50.5
17.4
111.9
44 7
49.5
17.8
106.0
41.4
47.5
17.1
108.4
41.9
49.1
17.5
115.1
47.2
49.9
18.1
118.0
48 2
51.3
18.5
124.3
54.8
51.0
18.5
125.2
55.2
51.6
18.4
__.
376.2
189.9
65.1
36.3
9.5
75.4
409 1
209.5
70.0
38 9
10.1
80.6
394.4
203.2
66.6
37.9
9.5
77.3
405 8
207.8
69.3
38.6
9.9
80.2
414.6
211.8
71.3
39.2
10.8
81.6
421.6
215.2
73.0
39 9
10.2
83.3
429 1
219.2
73.5
40 1
11.2
85.0
434 8
223.1
73.2
40.3
11.0
87.2
303 5
147.5
58.9
24.6
5.2
67.2
306 1
150.5
61.3
24.8
5.1
64.4
300.6
148.5
58.6
25.5
5.1
62.9
307.2
151.2
61.0
25.5
5.2
64.3
306.8
150.4
62.1
24.0
5.3
64.9
309.5
151.9
63.4
24.0
4.9
65.5
314.6
155.3
63.3
25.0
5.5
65.5
317.6
157.7
62.6
25.4
5.3
66.5
389.6
136.4
56.1
24.0
32.1
31.1
166.0
432 4
150.2
63.9
28.9
35.0
34.0
184.2
416.7
145.0
61.2
27.6
33.6
33.3
177.2
427 4
148.4
63.7
28.9
34.8
33.6
181.8
436.7
151.8
65.0
29.5
35.5
34.1
185.8
448 6
155.8
65.9
29.6
36.3
35.0
191.9
463 2
159.7
68.4
31.0
37 4
36.5
198.6
474.9
163.9
69.6
30.6
39.0
37.0
204.3
343.4
123.3
48.3
19.7
28.6
28.6
143.2
352.4
128.6
50.1
20.6
29.5
28.8
145.0
348.0
126.4
49.4
20.6
28.8
28.8
143.4
351.8
127.9
50.4
21.0
29.4
28.7
144.8
353.4
129.3
50.4
20.7
29.7
28.7
145.0
356.4
130.7
50.1
20.2
29.9
28.9
146.9
361.8
132.1
51.1
21.0
30.0
29.5
149.0
365.8
133.8
51.4
20.3
31.1
29.5
151.,
Personal consumption expenditures
Durable roods.. _.
.
Motor vehicles and parts
Furniture and household equipment
Other
_Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other -_
_
__
__
_ _
__
Services
Housing. _Household operation. . _ ._ _
Electricity and gas.
_ _ _
Other
Transportation
Other
_
_
_
______
1975
1974
1975
I
II
III
IV
I
1974
II*
I
1975
Table 12.—Federal Government Receipts and Expenditures (3.2)
131.2 125.7 137.6 99.7 130.5 135.1 137.7 141.9
126.2 120.7 132.7 94 7 125 5 130 0 132 5 136 5
4.8
4.9
4.7
4.8
50 50 51
53
.1
.1
1
1
1
I
I
1
45.6
42.6
34.8
38.7
47.4
49 4
53 1
55 5
Indirect business tax and nontax
accruals._
Excise taxes. 1
Customs duties .
Nontaxes
21.7 23.9
16 6 16 4
3.7
5.8
15 17
21.9
16 1
4.1
17
23.2
16 3
52
17
25 2 25 5
16 6 16 6
69
7 2
17 17
22 8
16 7
44
17
23 3
16 9
4 7
17
94.3
92.8
92.9
94.7
Expenditures _
Purchases of goods and services
National defense
Compensation of employees
Military.
Civilian... _.
Other
Nondefense. .
Compensation of employees
Other
Transfer payments...
To persons
To foreigners 2
Grants-in-aid to State and local
governments
. ..
Net interest paid
Interest paid
To persons and business
To foreigners
Less: Interest received by government
Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of government enterprises
Less: Wage accruals less disbursements .
96.6 102.9 104.6
299.7 357.8 337 0 354 3 363 7 376 0 380 3 378 7
111.6 124.4 120.3 122.4
77.3 84.3 82.0 83.4
37.7 40.0 39.5 39.5
23.0 23 8 23 8 23 6
14.7 16 2 15.7 15 9
39.6 44.3 42.5 43.9
34.3 40.1 38 3 39 0
17.2 19.3 18.7 18.9
17.1 20 8 19 6 20 0
117.6 148.9 138.7 149.7
114.3 145.8 135.7 146 6
3.2
3.1 3.0
3.1
124.6 130 4 129 2
84.6 87.1 86.2
39.7 41.3 41.6
23 5 24 4 24 3
16 2 16 9 17 3
44.9 45.8 44.6
40 0 43 2 42 9
19.3 20 2 20 6
20 7 23 1 22 3
152.1 154 9 160 3
149 2 151 8 157 2
2.9
3.2
31
131 2
86.9
41.7
24 3
17 5
45.2
44 2
20 8
23 4
158.7
155 6
3.1
217-440 0 - 7 6 - 2
- -
Indirect business tax and nontax
accruals
Sales taxes
Property taxes
Other
6.1
7.5
7.7
8.3
8.7
106.7 114.7 110.7 113.3 116.3 118.7 122.0 124.9
47.9 51.6 49. 1 51.0 52.5 53.8 55.8 57.1
48.7 52.3 50.9 51.6 52.8 53.9 55.1 56.4
10.1 10.8 10.6 10.8 11.0 11.0 11.1 11.3
16.0
16.4
16.8
56.8
58.0
58.8
56.3
203-0 227.5 217.5 223.4 231.8 237.2 239.5 245.0
Expenditures
191.6 214.5 205.3 210.9 218.6 223.4 225.5 230.9
106.7 119.2 114.2 117.9 121.1 123.7 127.0 130.0
85.0 95.3 91.1 93.0 97.5 99.7 98.5 100.9
Purchases of goods and services
Compensation, of employees
Other
20.3
Transfer payments to persons
Net interest paid...
Interest paid
Less: Interest received by government
22 6
26.3
21.9
4 4
23 6
27.6
23.1
4.5
25 6
29.6
25.2
4 4
26 6
31.1
26.7
44
27 4
32.3
27.9
4.4
Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of government enterprises
3.2
3.7
3.3
3.7
4.0
4.0
4.5
4.9
Less: Wage accruals less disbursements
6 1 —12.6 -7.0 —10 6 —16 0 —16 7 13 7 -10.4
-17.6 -58.7 -42.8 -89.3 -50.0 -52.7 -50. -43.1
5.4
15.7
22 2
25.5
20.7
4.9
-.4
.0
6.7
15.2
23 5
27.2
22.7
4.5
—1.8 -2.0 —1.6 -2.1 -2.1 -2.2
.(
-.5
.0
6.8
53.2
20 9
24.1
19.8
4.3
5.2
48
47.6
26.2
15.0
6.4
14.7
56.3
5.4
50
46.1
25.1
14.7
6.3
49.8
58 8
7.1
49
44.7
24.0
14.4
6.3
54.4
58.0
6.1
45
43.5
23.1
14.2
6.2
15.4
56.8
6.4
43
42.5
22.4
14.0
6.1
13.7
53.2
6.0
44
41.7
21.9
13.8
6.0
43.9
49.8
6.5
45
43.1
22.8
14.1
6.1
Federal grants-in-aid
54.4
5.2
35
39.2
20.6
12.8
5.8
Contributions for social insurance
43.9
Surplus or deficit (—), national
income and product accounts.. -11.5 -71.2 -49.8 -99.9 -66.0 -69.4 -63.8 -53.5
Social insurance funds
Other funds
210.2 234.3 222.2 230.4 239.7 245.0 251.6 254.2
Receipts
Personal tax and nontax receipts
Income taxes
Nontaxes
Other
Corporate profits tax accruals
89.8
II*
Table 13.—State and Local Government Receipts and Expenditures (3.4)
288 2 286 5 287 2 254 4 297 7 306 7 316 5 325 2
Corporate profits tax accruals
Contributions for social insurance
I
IV
III
Billions of dollars
Billions of dollars
Receipts. _
II
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Personal tax and nontax receipts
Income taxes _ .
Estate and gift taxes
N on taxes
1976
1975
1976
Surplus or deficit (— ), national
income and product accounts. .
Social insurance funds
Other funds
--
~-
23.1
22 ]
22.7
23.5
24.2
24.6
25.0
-4.6 -5.7 -5.3 -5.6 -5.8 -6.0 -6.2 -6.4
9.4 10.1
9.9 10.1 10.2 10.2 10.3 10.4
14.0
15.8
15.2
15.7
16.0
16.2
16.6
16.8
—4.4 -4.5 -4.6 -4.5 -4.5 -4.4 -4.4 -4.4
.2
.2
.2
4.5
4.7
4.7
4.7
4.7
4.6
4.6
4.6
.0
.0
.0
.0
.0
.0
.0
.0
7.3
6.9
4.7
6.9
7.9
7.9
12.2
9.2
10.1 12.0 11.3 11.9 12.3 12.5
-2.8 -5.1 -6.6 -5.0 -4.4 -4.6
*See footnote on page 5.
1. Includes fees for licenses to import petroleum and petroleum products.
2. See footnote 1 to table 14.
12.7 13.0
-.6 -3.8
SURVEY OF CUREENT BUSINESS
10
1975
1974
1975
I
II
August 1976
1976
III
IV
I
1975
II*
1975
1974
Seasonally adjusted at annual rates
I
142.4 148.1 147.5 142.9 148.2 153.7 154.1 159.1
Exports of goods and services _
Merchandise
Other
144.4 148.1 147.5 142. 148.2 153.7 154.1 159.1
98.3 107.1 108.1 103.4 106.4 110.6
113.9
46.1 40.9 39.4 39.5 41.8 43.1 46.3 45.2
Capital grants received by the United
States (net) *
-2.0
.0
Payments to foreigners..
142.4 148.1 147.5 142.9 148.2 153.7 154.1 159.1
Imports of goods and services..
Merchandise
Other
136.9 127.6 132.5 118.5 126. 132.7 145.7 151.0
103.7 98.2 102.3 90.4 98.0 101.8 113.8118.5
33.2 29.4 30.2 28.1 28.7 30.9 31.! 32.5
Transfer payments (net) _ .
From persons (net)
From government (net) -
4.2
1.0
3.2
4.0
.9
3.1
4.0
.9
3.0
4.1
.9
3.1
3.8
.9
2.9
4.0
.9
3.2
4.1
1.0
3.1
4.1
1.0
3.1
Interest paid by government to foreigners
4.3
4.5
4.9
4.4
4.5
4.4
4.4
4.4
-3.0
11.9
6.1
15.9
13.1
12.6
Net foreign investment.
I
II*
Table 15.—Gross Saving and Investment (5.1)
Gross savings
Receipts from foreigner.
.0
IV
Billions of dollars
Table 14.—Foreign Transactions in the National Income and
Product Accounts (4.1)
.0
III
Seasonally adjusted at annual rates
Billions of dollars
.0
II
1976
-.2 -.4
205 3 191 2 172 1 180 2 204 6 208 0 222 1 233 1
Gross private saving
211 6 255 6
Personal saving- ..
72.2 84.0
Undistributed corporate profits
with inventory valuation and
capital consumption adjustments
1 7 10 3
Undistributed profits
44 4 33 2
Inventory valuation adjustment. -39.8 -11.4
Capital consumption adjustment
—3 0 — 11 5
Corporate capital consumption
allowances with capital consumption adjustment _
84.6 100.9
Noncorporate capital consumption allowances with capital
consumption adjustment
53.1 60.4
Wage accruals less disbursements. ..
.0
.0
217 1 273 2 262 7 269 4 273 8 277 4
67 2 104.5 80 5 83 7 79 5 82 9
99
—2 9
22 3 29 1
-16.5 -7.8
17 9
39 5
16 2 20 6 16 8
41 9 46 6 46 8
-12.3 -11.5 -14.6
—8 6 —11 4 —12 6 —13 5
14 5 —15 4
95 0
99 3 103 1 106 4 108 8 111 6
57 8
.0
59 5
.0
61 3
.0
63 2
.0
64 8
.0
66 1
.0
Government surplus or deficit (— ),
national income and product
accounts.. .
...
. . . -4.2 -64.4 -45.0 -92.9 -58 1 -61.5 -51.6 -44.3
Federal
-11.5 -71.2 -49.8 -99.9 -66.0 -69.4 -63.8 -53.5
9.2
State and local
6.9
7 3
6 9
7 9 12.2
47
7 9
Capital grants1 received by the United
States (net)
-2 0
Gross investment . .
Gross private domestic investment
Net foreign investment
211.9 195.6 178.5 180.3 209.8 214.0 229.4 238.8
215.0 183.7 172.4 164.4 196.7 201.4 229.6 239.2
6.1 15.9 13.1 12.6 -.2 -.4
-3.0 11.9
4.4
6.6
Statistical discreoancv
o
.0
6.4
0
.0
.1
5.1
.0
.0
.0
7.2
6.1
5.7
Table 16 .—Inventories and Final Sales of Business in Current and Constant Dollars (5.9, 5.10)
I
Inventories 2
Farm
Nonfarm Durable goods
Nondurable goods
.
Manufacturing...
Durable goods
Nondurable goods .
Wholesale trade.
Durable goods
Nondurable goods
Retail trade
Durable goods
Nondurable goods
.
.
Other
Final sales 3 .
Ratio of inventories to final sales
Nonfarm 4
..
II
III
I
II*
I
II
III
IV
Seasonally adjusted
Seasonally adjusted
Billions of current dollars
Billions of 1972 dollars
I
II*
295.7
419.0
417.7
426.8
426.8
434.9
445.4
297.2
291.9
291.7
290.3
292.9
58.5
63.2
66.3
63.3
64.2
65.4
41.9
42.0
42.2
42.6
43.0
42.7
360.5
203.8
156.7
354.5
199.9
154.6
360.5
202.0
158.5
363.5
203.4
160.1
370.7
205.5
165.1
380.0
209.1
171.0
255.3
148.4
106.9
249.9
145.5
104.5
249.4
144. 3
105.2
247.7
142.4
105.3
249.9
141.8
108.1
252.9
142.8
110.1
187.7
122.0
65.7
184.8
120.2
64.6
186.4
120.2
66.2
188. 5
120.8
67.7
190.6
121.3
69.3
194.7
123.5
71.2
128.7
86.3
42.5
126.6
85.2
41.4
125.0
83.6
41.5
124.1
82.1
41.9
124.1
81.4
42.7
125.4
81.9
43.5
66.0
40.0
26.0
64.1
39.2
24.9
65.0
39.3
25.7
64.7
39.7
25.0
66.6
40.8
25.8
69.0
42.1
27.0
47.3
29.9
17.4
45.7
29.2
16.5
45.5
28.8
16.8
44.9
28.6
16.3
45.7
28.9
16.8
46.8
29.6
17.3
73.2
32.4
40.7
72.3
31,7
40.7
75.0
33.5
41.5
74.7
33.5
41.2
77.2
34.0
43.2
79.4
34.1
45.3
56.4
25.3
31.1
55.2
24.5
30.6
56.2
25.5
30.7
55.6
25.2
30.4
56.8
25.0
31.8
57.2
24.8
32.4
33.6
33.3
34.1
35.6
36.3
36.9
22.9
22.5
22.6
23.1
23.3
23.5
1,238.5
1,276.4
1,308.8
1,344.7
1,365.9
1,399.5
996.1
1,011.1
1,021.8
1,035.7
1,044.7
1,059.9
.338
.291
.327
.278
.326
.275
.317
.270
.318
.271
.318
.272
.298
.256
.289
.247
.285
.244
.280
.239
.280
.239
.279
.239
*See footnote on page 5.
1. In February 1974, the U.S. Government paid to India $2,010 million (quarterly rate)
in rupees under provisions of the Agricultural Trade Development and Assistance Act. In
the national income and product accounts, this payment is included in capital grants received
by the United States (net); in the balance of payn ents accounts, it is included in unilateral
transfers (excluding military grants of goods and services), net. Accordingly, this payment
is excluded from Federal Government transfers to foreigners and related totals shown in
tables 12,14, and 15, and is included in the first quarter of 1974 as -$8.0 billion (annual rate)
in capital grants received by the U nited States (net) shown in tables 12 and 14.
2. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories
calculated from current-dollar inventories shown in this table is not the current-dollar change
in business inventories (CBI) component of GNP. The former is the difference between two
IV
1976
1975
1976
1975
inventory stocks, each valued at end-of-quarter prices. The latter is the change in the physical
volume of inventories valued at average prices of the quarter. In addition, changes calculated
from this table are at quarterly rates, whereas CBI is stated at annual rates.
3. Quarterly totals at annual rates.
, . , ,
,,
4. Equals ratio of nonfarm inventories to final sales of business. These sales include a small
amount of final sales by farms.
NOTE.—Table 16: Inventories are classified as durable or nondurable as follows: For manufacturing, by the type of product produced by the establishment holding the inventory; lor
trade, by the type of product sold by the establishment holding the inventory; for construction, durable; and for other nonfarm industries, nondurable. The industry classification i*
based on the 1967 Standard Industrial Classification.
SURVEY OF CURRENT BUSINESS
August 1976
1975
1974
1975
I
II
11
1976
IV
III
I
1975
II*
1974
1975
Seasonally adjusted at annual rates
National income without
capital consumption
adjustment
1,152.0 1,236.2 1,173.9 1,210.6 1,263.5 1,296.7 1,338.7 1,371.4
.. 1, 137. 5 1,225.6 1, 164. 5 1,200.0 1,252.2 1,285.6 1,325.8 1, 360. 2
Mining and contract construction
42.7
44.4
36.7
43.1
49.0
48.7
42.5
76.6
79.2
79.0
77.2
78.5
82.0
82.6
298.2
119.3
178.9
309.9
126.7
183.2
287.6
114.9
172.7
301.4
123.6
177.9
321.6
131.3
190.3
329.2
137.1
192.1
347.3
147.4
199.9
.
45.0
24.3
44.8
26.4
42.3
25.1
43.1
26.1
45.6
27.1
48.0
27.2
49.2
28.5
Electric, gas, and sanitary
services
Wholesale and retail trade
18.4
174.2
22.9
195.6
21.7
184.3
22.7
191.6
23.2
200.9
23.9
205.6
23.3
215.2
73.6
100.7
80.0
115.6
75.7
108.6
77.9
113.7
82.6
118.3
83.9
121.7
89.3
125.9
Finance, insurance, and real
estate
Services
126.8
150.6
137.6
165.1
135.1
159.8
135.8
161.8
137.8
166.8
141.9
171.9
146.9
178.3
Government and government enterprises
180.6
199.7
192.8
197.2
201.8
207.2
211.7
14.5
10.6
9.4
10.6
11.3
11.1
13.0
Manufacturing .
Nondurable goods
Durable goods
Transportation.
C ommuni cation
Wholesale trade
Retail trade
Rest of the world
11.2
116.41 127.25 124.55 125.93 128.07 130.27 131.29 132.93
Personal consumption expenditures
Durable goods
_.
Nondurable goods
Services.
116.9
108.3
124.0
113.5
126.3
117.7
133.7
122.7
123.7
115.1
131.2
119.7
125.1
117.1
132.1
121.5
127.3
118.2
135.1
123.6
129.1
120.2
136.2
125.9
130.3
121.8
136.4
128.0
131.7
123.8
136.9
129.8
Gross private domestic investment
Fixed investment
Nonresidential
Structures.
. -_
Producers' durable equipment. „
Residential
Nonfarm structures
Farm structures
Producers' durable equipment. .
Change in business inventories
117.7
116.1
128.7
110.0
122.3
122.8
122.8
105. 3
132.4
132.1
141.6
127.4
133.2
133.7
133.6
116.3
129.9
129.4
141.6
123.5
131.5
132.1
130.9
113.6
131.9
131.8
141.5
127.1
132.1
132.7
131.6
115.6
132.7
132.7
141.4
128.3
132.8
133.3
132.6
117.0
134.9
134.5
142.0
130.8
135.9
136.4
136.2
118.8
i37.6
136.2
143.3
132.8
139,0
139.6
138.8
120.1
139.0
137.5
145.0
133.8
142.9
143.4
143.8
122.4
Net exports of goods and services
Exports
Imports
148.6 163.4 163.4 163.0 163.4 163.7 164.6 168.0
169.6 187.4 188.9 186.9 186.6 187.3 189.2 190.4
Government purchases of goods and
services _ .
_.
Federal
State and local..
118.3 129.9 126.7 128.6 130.8 133.4 135.4 137.3
117.1 130.0 126.8 128.4 130.4 134.2 135.4 136.7
119.0 129.8 126.5 128.7 131.0 132.9 135.4 137.7
*See footnote on page 5.
1. Consists of the following industries: Banking; credit agencies other than banks; security
and commodity brokers, dealers, and services; insurance carriers; regulated investment
companies; small business investment companies; and real estate investment trusts.
NOTE.—Tables 17 and 18: The industry classification of compensation of employees,
proprietors' income, and rental income is on an establishment basis; the industry classification of corporate profits and net interest is on a company basis. The industry classification
of these items is based on the 1967 Standard Industrial Classification.
IV
I
IP
Table 18.—Corporate Profits by Industry (6.18)
Corporate profits with inventory
valuation and capital consumption adjustment
84 8
91 6
69 0
86 6 105 3 105 6 115.1 115.3
Domestic industries
Financial l .
Nonfinancial- -.
73 7
14 1
59 6
85 4
12 9
72 5
63 5
13 9
49.6
80 3
12 5
67 8
98 8
12 2
86 6
Rest of the world
11 2
6 2
55
6 3
6.5
87 8 103 1
Corporate profits with inventory
valuation adjustment and
without capital consumption
adjustment
Table 19.—Implicit Price Deflators for Gross National Product (7.1)
Gross national product
III
Billions of dollars
Table 17.—National Income Without Capital Consumption Adjustment by Industry (6.4)
Agriculture, forestry, and
fisheries
..
II
Seasonally adjusted at annual rates
Billions of dollars
Domestic income.
I
1976
99 2 107 4 109.3
13.1 14.2 13.8
86.1 93.2 95.5
6.4
7.7
6.0
77 7
97 9 117 9 119.1 129.6 130.7
Domestic industries
.
Financial J
Federal Reserve banks
Other.. .. ...
Nonfinancial
M anufacturing
Nondurable goods
Food and kindred products
Chemicals and allied products
Petroleum and coal products-..
Other
Durable goods
Primary metal industries
Fabricated metal products
Machinery except electrical
Electrical equipment and supplies
Motor vehicles and equipment.
Other
76.7
14 1
57
8.4
62 6
36 9
25 1
26
49
10.1
7 5
11.9
4.9
15
17
97.0 72.1
12 9 13 9
5.8
57
7.2
8.1
84 1 58 2
46 4 29 7
29 2 21 3
58 50
35
57
9.3
7.5
84
53
8.4
17.2
3.6
5.9
18
31
4 6
30
91.7 111.4 112.7 121.9 124.7
12 5 12 1 12.9 14.0 13.7
5.9
6.1
5.4
5.8
5.7
7.8
7.1
7.9
6.8
6.7
79 2 99.3 99.8 107.9 111.0
43 5 57 0 55 3 61.2
28 7 32 6 34.3 37.5
7.3
6 0
63
60
83
5 3 6 8 7.3
9.2 10.4 11.2
10.1
7.3 10.4 10.6 10.8
14.8 24.3 21.1 23.7
3.3
2.7
2.7
2.9
3.6
3,5
41
31
5.2
5.9
58
4 3
4
.2
3.2
.4
12
.9 -3.4
3.8
1.3
.2
3.2
1.7
3.9
6.1
1.4
2.8
5.4
1.8
4.6
4.5
Wholesale and retail trade
Transportation, communication,
and electric, gas, and sanitary
services
Other
Rest of the world,
-
12.4
20.9
14.5
19.6
24.4
25.0
29.0
60
7.2
11.2
7.9
9.0
6.2
5.0
9.0
5.5
7.3
8.9
6.3
9.5
8.4
6.5
9.7
9.7
6.4
8.6
9.1
7.7
6,0
Corporate profits before deduction of capital consumption allowances with inventory valuation adjustment
169.4 192.6 164.1 185.8 208.4 211.9 223.9 226.9
158.2 186.4 158.5 179.5 201.9 205.6 216.2 220.9
Domestic industries
17.9 17.3 18.1 16.8 16.6 17.6 18.8 18.6
Financial *
6.0
6.1
5.8
5.4
5.7
58
5.7
5.7
Federal Reserve banks . .
...
12.2 11.6 12.3 11.1 11.2 11.8 12.7 12.7
Other.
..
202.3
140.3 169.1 140.5 162.8 185.3 188.0 197.4
Nonfinancial
Manufacturing
70.9 83.1 65.4 79.6 94.2 93.4 99.7
40.9 46.3 37.7 45.5 50.1 52.1 55.5
Nondurable goods
8.9
9.0 10.3
9.3
5.3
7.9
8.8
Food and kindred products
9.0 10.5 11.1 12.2
7.1
Chemicals and allied products . 8.3 9.4
Petroleum and coal products.
15.1 14.7 12.5 15.4 14.8 16.1 16.9
12.1 13.4 10.2 12.1 15.5 15.9 16.0
Other
30.0 36.8 27.7 34.2 44.1 41.3 44.2
Durable goods
6.6
6.0
6.1
6.1
9.4
8.2
6.9
Primary metal industries
5.1
5.6
4.5
5.0
3.3
2.8
4.6
Fabricated metal products
9.9
9.6
9.0
8.0
6.5
5.0
8.3
Machinery, except electrical ...
Electrical equipment and sup4.7
4.2
4.5
3.2
4.0
3.1
4.0
plies
Motor vehicles and equip8.3
6.6
7.2
3.2
4.3 -.1 3.5
ment
9.6
8.0 11.] 10.5
5.4
7.7
8.8
Other
Wholesale and retail trade
Transportation, communication,
and electric, gas, and sanitary
services Other
Rest of the world
20.7
30. C
23.3
28.6
33.7
34.5
38.6
27.3
21. £
11.5-
31. a
27. €
24.1
5.5
30.2
24.;
6.3
33.1
24.2
6.S
34.1
26. (
6.4
33.3
25.8
7.7
24.7
6.2
6.0
SURVEY OF CUREENT BUSINESS
12
1975
1974
1975
I
II
August 1976
1975
1976
III
IV
I
II*
1974
1975
I
Seasonally adjusted
20.— Fixed- Weighted Price Indexes for
Product, 1972 Weights (7.2)
Gross
III
IV
I
II*
Seasonally adjusted
Index numbers, 1972=100
Table
II
1976
Index numbers, 1972=100
National
Table 23.—Implicit Price Deflators for the Relation of Gross
National Product, Net National Product, and National Income
(7.6)
Gross national product
116.6 127.3 124.4 126.0 128.3 130.4 131.7 133 4
Personal consumption expenditures
Durable goods
Nondurable goods _
Services
117.5
108.3
125.1
113.6
127.1
117.9
135.1
122.9
124.3
115.3
132.3
119.9
125.8
117.4
133.3
121.7
128.3
118 4
136.7
123.8
130.2
120.4
138. 1
126.2
131.2
122.1
137.7
128.4
132.5
123 9
138 2
130.2
Gross private domestic investment.
Fixed investment _ _
Nonresidential
Structures
_ _
Producers' durable equipment _ _
Residential
Change in business inventories
118.9
116 9
128.7
110.2
122 5
132.8
132 6
141.7
127.4
133 3
130.6
130 0
141.6
123.3
131 6
132.3
132 3
141.6
126.9
132 3
133 2
133 4
141 4
128.7
132 9
135.4
135 0
142.0
131.0
136 0
137.7
137 0
143.3
133.3
139 1
139.8
138 2
144.8
134.5
142.9
Net exports of goods and services
Exports. _. _
Imports
..
148.1 164 4 164 6 163 9 164 4 164 8 165 5 168.9
170.4 187.7 189.1 187.5 186 5 187 6 188.9 189.8
Government purchases of goods and
services
..__
Federal
State and local
119.1 130.9 127.9 129.6 131 7 134 3 136.0 137.7
118 9 131 8 128 8 130 0 132 3 136 0 136 3 137 3
119.3 130 3 127 3 129 3 131 3 133 2 135 7 138.0
Addenda:
Gross domestic product
Business .
116.2 126.8 123.9 125.6 127.8 129.9 131.3 133.0
116.4 127.2 124.3 125 9 128 2 130 1 131 3 133.0
Table 21.—Implicit Price Deflators for Gross National Product by
Major Type of Product (7.3)
Gross national product .. -
116.41 127. 25 124.55 125. 93 128.07 130. 27 131.29 132. 93
Final sales . .
Change in business inventories
116.3 127.2 124.3 126.2 128.1 130.0 131.2 132.8
Goods. .
Final sales _
Change in business inventories-
110.3 124.3 121.1 124.2 124.5 126.6 127.4 130.7
109.8 124.5 120.6 124.5 125.5 127.1 127.6 130.5
Nondurable goods .
Final sales
Change in business inventories
119.4 130.3 128.1 127.9 131.3 133.6 132.2 132.3
119.4 130.0 127.5 128.8 134.3 130.0 131.8 132.1
115.0 124.4 121.2
126.6 138.8 138.2
123.2 125.3 127.8 130.2 132.0
138.3 138.6 140.1 142.0 144.7
Table 22.—Implicit Price Deflators for Gross National Product by
Sector (7.5)
Gross national product. .
Gross domestic product ..
Business
Nonfarm _
Farm
Residual
Less: Capital consumption allowances
with capital consumption adjustment
Equals: Net national product
Less: Indirect business tax and nontax liability plus business
transfer payments less subsidies plus current surplus of
government enterprises _
Residual
Equals: National income
116.41 127.25 124.55 125.93 128.07 130.27 131.29 132.93
115.9 126.9 124.2 125.6 127.7 129.9 130.9 132.6
... _
116.1 127.2 124.7 125.9 128.0 130.1 130.9 132.5
115.1 126.3 124.3 125.2 126.8 128.7 130.1 131.3
151.3 147.3 133.4 141.5 152.9 160.2 141.9 157. 6
Households and institutions
117.2 129.1 125.3 127.4 131.0 132.6 134.0 135.8
Government
Federal .
State and local .
114.2 123.8 120.5 122.5 124.5 127.7 130.0 131.9
113.5 122.9 120.2 121.2 122.5 127.8 129.2 130.2
114.6 124.2 120.6 123.2 125.5 127.6 130.4 132.7
117.6 132 8 127.7 131.3 134.6 137.4 139.4 141.4
116.3 126.6 124.2 125.3 127.3 129.5 130.4 132.0
113.5 120.9 117.6 119.7
116.8 127.1 125.0
123.0 123.2 123.5 125.7
125.8 127.6
129.9
130.9 132.4
Table 24.—Implicit Price Deflators for Net National Product and
National Income by Sector (7.7)
116.3 126.6
Net national product
124.2 125.3 127.3 129.5 130.4 132.0
115.7 126.2 123.8 124.9
Net domestic product
126.9
129.1 129.9 131.6
115.9 126.5 124.3 125.2 127.1 129.1 129.7 131.4
114.8 125.5 123.9 124.4 125.8 127.6 129.0 130.1
163.9 151.5 134.0 143.9 158.3 167.9 142.4 162.5
Business
Nonfarm
Farm. .
Residual
Households and institutions. ..
Government
117.2 129.1 125.3 127.4 131.0 132.6 134.0 135.8
. 114.2 123.8 120.5 122.5 124.5 127.7 130.0 131.9
Rest of the world
116.8 127.1 125 0 125.8 127.6 129.9 130.9 132.4
National income
115.7 128.0 125.5 126.5 128.8 130.9 130.4 131.7
115.5 127.8 124.8 127.1 129.0 130.3 130.1 131.4
Durable goods .Final sales .
Change in business inventories .
Services
Structures. .
116.41 127.25 124.55 125.93 128.07 130. 27 131.29 132. 93
Gross national product -
Domestic income
Business
Nonfarm
Farm
_
116.2 126.6 124.5 125.4 127.1 129.4 130.3 131.9
-
116.5 127.0 125.3 125.8 127.4 129.6 130.2 131.8
115 5 126 7 125 4 125 6 126 8 128.8 130.3 131.3
146.3 137.4 121.3 130.4 143.3 153.1 127.7 145.7
Households and institutions
Government.
_
._.
117.2 129.1 125.3 127.4 131.0 132.6 134.0 135.8
114.2 123.8 120.5 122.5 124.5 127.7 130.0 131.9
Rest of the world
Table 25.—Implicit Price Deflators for Auto Output (7.9)
Auto output..
Final sales
Personal consumption expenditures.
New autos
..
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
Exports
._ - .
Imports
Government purchases of goods and
services
Change in business inventories of new
Addenda:
Domestic output of new autos
*
Sales of imported new autos 2
106.8
112.9
111.0 114.2
115.5 119.8 121.5 124.1
106.4 113.1 111.9 115.3 115.6 119.2 120.6 123.5
109.1 117.7 115.9 119.9 121.3 124.8 126.0 130.5
105.6 115.1 112.0 114.5 115.1 118.1 120.4 121.2
103.6 107.7 105.2 107.3 104.9 108.3 110.8 105.0
105.8 115.1 112.0 114.5 115.1 118.1 120.5 121.3
107.2 116.6 113.3 113.8 116.8 119.6 119.2 119.6
118.8 134.9 130. 8 132.0 134.7 139.9 143.1 141.2
111.8 120.6 116.6 118.0 118.2 120.7 122.0 118.7
106.0 115.0 111.7 114.3 115.4 118.1 120.2 121.0
105.8 115.0 112.0 114.5 115.1 118.0 120.4 121.2
Rest of the world
*See footnote on page 5.
,
.
1. Consists of final sales and change in business inventories of new autos produced in the
United States.
, '
.
,
,
2. Consists of personal consumption expenditures, producers' durable equipment, ana
government purchases.
NOTE.—Table 21: "Final sales" is classified as durable or nondurable by type of product.
"Change in business inventories" is classified as follows: For manufacturing, by the type of
product produced by the establishment holding the inventory; for trade, by the type of product sold by the establishment holding the inventory; or construction, durable; and for other
industries, nondurable.
.
, .
. ,,. .
Tables 22 and 24: The industry classification within the business sector is on an establishment basis and is based on the 1967 Standard Industrial Classification.
SURVEY OF CUEKENT BUSINESS
August 1976
1975
1974
I
1975
II
13
1976
III
IV
I
1975
II*
1974
1975
I
II
Seasonally adjusted
116.9 126.3 123.7 125.1 127.3 129.1 130 3 131 '
108.3 117.7 115.1 117 1 118.2 120 2 121 8 123 J
Motor vehicles and parts
107 8 119.0 115 0 118 2 119 5 122 7 124 1 127 (
Furniture and household equipment _ 108.2 116.5 114.8 116.0 116.7 118.2 119.9 120.'
Other
109.8 117.9 116.2 117.5 118 7 119.2 120 2 121 (
Nondurable goods
Food.
Clothing and shoes
Gasoline and oil Fuel oil and coal
Other
124 0 133.7 131 2 132 1 135 1 136 2 136 4 136 *
. .- . 128.7
110 5
147. 4
182 5
112.3
Services
139.2
114.3
157.1
197 6
125.1
136.8
113 6
148.4
187 5
122.8
137.5
113 5
151.3
190 9
124.8
140.8
114 7
163.0
202 6
125.7
141.7
115 1
166.6
209 9
127.3
141 1
116 1
160 7
205 1
129 7
141 ,
116 (
158
206
131.
113.5 122.7 119.7 121.5 123.6 125.9 128 0 129
Housing
Household operation. .
Electricity and gas
Other
TransportationOther
110.6
116.2
122.0
112.3
108.8
115.9
116.8
127.8
140.4
118.9
118.2
127.0
114.7
124. 1
134.3
116 8
115.6
123.6
116.0
126.3
137.8
118 1
117.0
125.6
117.4
129.0
142.9
119.3
118.9
128.1
119 2
131.6
146.7
121 4
121 1
130.8
120 9
134 0
147.4
124 6
123 5
133 3
122
135
151.
125
125
135.
Table 27.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price
Deflator, and Price Indexes (8.9)
Percent
Gross national product:
Current dollars
1972 dollars
Implicit price deflatorChain price index. . _
Fixed-weighted price index
Percent at annual rate
7.3 -.8
8.2
-1.7 -1.8 -9.9
9.3 10.1
10.0
9.2
10.0
9.2
9.2
10.0
8.9
10.4
5.6
4.5
5.4
5.4
19.1
11.4
7.0
7.3
7.3
10.6
3.3
7.1
6.4
6.6
12.6
9.2
3.2
4.3
4.2
9.6
4.3
5.1
5.4
5.2
Personal consumption expenditures:
Current dollars
1972 dollars.
Implicit price deflator
Chain price index
Fixed-weighted price index .
9.6
-1.1
10.8
11.0
11.2
9.7
1.5
8.1
8.2
8.2
10.1
3.6
6.3
6.6
6.5
12.1
7.0
4.8
4.9
4.9
11.8
4.1
7.3
8.0
8.1
10.4
4.5
5.6
6.0
6.1
13.1
8.8
3.9
3.6
3.3
8.3
4.0
4.1
4.1
4.0
Durable goods:
Current dollars
1972 dollars .
Implicit price deflatorChain price index.
Fixed-weighted price index
-1.7
-7.8
6.6
6.5
6.5
8.3
-.4
8.7
8.8
9.0
16.8
11.7
4.6
5.5
5.0
17.2
9.4
7.1
7.0
7.5
31.7
27.0
3.7
3.5
3.5
18.0
10.4
6.9
6.8
7.1
29.8
23.2
5.4
5.3
5.5
10.0
3.0
6.7
6.6
6.3
Nondurable goods:
Current dollars
1972 dollars
Implicit price deflator
Chain price index .
Fixed-weighted price index
12.7
-1.9
14.9
15.4
15.6
8.7
.9
7.8
8.0
8.0
6.2
1.0
5.1
5.3
5.2
12.1
9.1
2.8
3.1
3.1
8.9
-.5
9.5
10.2
10.4
6.9
7.3
3.5
6.8
3.3
.5
4.1 -.5
4.1 -1.1
5.5
3.8
1.6
1.4
1.4
Services:
Current dollars
. .
1972 dollars .
Implicit price deflatorChain price index
Fixed-weighted price index
Gross private domestic investment:
Current dollars. .
1972 dollars
...
Implicit price deflatorChain price index
_. ...
Fixed-weighted price index
Fixed investment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Nonresidential:
Current dollars
1972 dollars .
Implicit price deflator
Chain price index
Fixed-weighted price index-
11.4
3.5
7.6
7.7
7.8
13.7
6.2
7.0
6.9
7.0
10.5
4.6
5.6
5.9
5.9
-2.3 -14.6 -55.8 -17.3 104.8 10.0
-12.2 -24.3 -65.9 -9.2 93.0 -4.7
68.9
67.1
17.9
11.5
10.6
2.0
8.4
8.5
8.5
11.0
2.6
8.1
8.2
8.2
11.8
3.4
8.2
8.2
8.3
10.7
4.5
6.0
5.9
6.0
8.9
1.8
7.1
7.2
7.3
15.0
7.6
6.9
6.5
6.6
18.8
11.6
6.4
6.9
7.1
16.7
10.2
5.9
5.8
6.4
.8
9.7 -1.4 —9.9 -5.8
-1.9 -13.3 -22.3 -12.5 -1.8
7.6
11.9 13.8 15.9
2.7
12.1 13.9 16.6
3.6
7.8
12.5 13.4 15.2
7.1 3.4
7.3
1.4
5.8
5.4
5.1
13.3
7.7
6.2
6.0
5.9
12.3
8.3
3.7
3.8
3.8
-e!<
62
6.5
5.3
I
II*
Table 27.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price
Deflator, and Price Indexes—Continued
Nonresidential: Fixed investment—
Continued.
Structures:
Current dollars
10.4 -3.9 -14.6 -13.7
4.9
5.4
1972 dollars
—7.5 -12 6 —21.7 -13.5
Implicit price deflator _
19.3 10.1 9.0 -.2 -.5
Chain price index
19 2 10 0
8 7 - 3 —.4
Fixed-weighted price index.. 19.3 10.1 8.9 -.1 -.4
Producer's durable equipment:
Current dollars
1972 dollars
...
Implicit price deflator
Chain price index
Fixed-weighted price index .
9.4
.0 -7.2 -1.2 -1.3
1.1 -13.6 -22.6 -12.0 -5.1
8 2 15 8 19 9 12.2
4.0
5.8
8.2 16 1 21.3 12.6
5.8
8.3 15.6 19.6 12.1
Residential:
Current dollars..
. ._. -16.7 -7.1 -23.5
1972 dollars
—24 6 — 14 7 -34.1
Implicit price deflator _ _
10.4
8.9 16.1
Chain price index
8 8 16 1
10 5
Fixed-weighted price index ._ 10.5 8.8 15.8
2.5
.7
1.8
1.6
1.5
8.5
4.7
3.6
3.7
3.8
13.8
8.4
5.0
4.3
4.3
10.0
1.8
8.1
7.5
7.4
16.0
9.3
6.1
7.2
7.2
11.5
8.3
2.9
3.5
3.5
18.2
15.9
2.0
2.1
2.0
37.2
34.5
2.0
2.0
2.0
38.4
26.1
9.8
9.6
9.6
34.0
22.3
9.5
9.5
9.4
28.3
15.1
11.5
11.2
11.2
Exports:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index . ...
42.2
2.5 -15.4 -12.0
11.2 -6.7 -21.4 -11.1
27.9 10 0
7.7 -1.1
27.4 11.1 11.0 -1.5
27.6 11.0 10.7 -1.7
15.8
14.7
.9
1.2
1.0
15.8
1.0
14.8 -1.3
.8
2.3
1.4
1.2
1.6
1.2
13.7
4.9
8.4
8.8
8.6
Imports:
Current dollars ...
- ....
1972 dollars
Implicit price deflator ...
Chain price index
Fixed-weighted price index
45.0 -6.8 -31.6 -36.1 31.0
1.1 -15.7 -35.3 -33.4 32.1
5.6 -4.0 -.8
43.5 10.5
5.2 -3.3 -1.9
44.2 10 4
44.1 10.1 4.8 -3.3 -1.9
45.6
39.9
4.1
2.8
2.9
15.3
12.4
2.5
2.0
1.9
Government purchases of goods and
services:
Current dollars
1972 dollars
Implicit price deflator..
. .
Chair price index
Fixed-weighted price index
12 5
1.5
10.8
10.8
11.2
Federal:
Current dollars
- .
1972 dollars
Implicit price deflator
Chain price index .
...
Fixed-weighted price index
9.2
-1.4
10.7
10.5
11.3
State and local:
Current dollars ..
1972 dollars
Implicit price deflator. . _ . .
Chain price index
Fixed-weighted price index
20.0
18.2
1.6
2.2
2.2
9.2
.3
8.8
9.2
9.2
9.7
3.2
6.3
5.9
5.4
12.5
5.2
6.9
7.1
6.6
12.9
1.0
4.3 -4.9
6.2
8.2
8.1
5.8
8.2
5.0
8.6
2.6
5.8
5.7
5.2
11.5
7.8
.4 -2.1
10.1
11.0
9.4
10.5
9.6
10.8
7.1
1.8
5.1
4.2
39
7.6
1.2
6.3
7.8
7.2
19.8 -3.7
7.0 -7.2
12.0
3.8
2.1
11.6
.9
11.6
6.3
2.5
3.7
3.7
3.1
3.8
9.1
2.8 -3.5
7.5
6.1
6.2
8.0
7.8
6.0
9.9
2.7
7.1
6.9
6.7
11.8
1.8
9.8
9.7
9.9
14.5
3.3
10.9
11.0
11.1
11.9
2.6
9.1
9.3
9.2
10.0
1.8
8.1
9.0
8.8
11.3
4.0
7.0
7.0
6.4
15.5
7.7
7.3
6.7
6.2
7.8
7.7
.7
10.1
10.9
9.4
9.0
4.5
5.5
5.5
19.1
11 3
7.0
7.4
7.4
10.8
34
7.1
6.4
6.7
12.2
90
3.0
4.3
4.2
10.1
4 6
5.3
5.4
5.3
7.6
7.1 -1.2
-2.2 -2.3 -11.2
9.6 11.3
10.0
9.5
9.3
10.1
9.3
9.1
10.2
10.3
6.0
4.1
5.3
5.3
20.8
13.1
6.8
7.4
7.4
10.7
3.7
6.7
5.9
6.2
12.6
10.1
2.3
3.9
3.7
10.5
5.0
5.2
5.4
5.2
Addenda:
Gross domestic product:
Current dollars
1972 dollars
Implicit price deflator
Fixed-weighted price index
Business:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
NOTE°— Table™ ;
9.1
6.5
2.5
3.2
2.9
1.1 -2.9 -13.4
-9.0 -13.7 -25.3
11.1 12.4 15.9
11.6 12.5 16.5
11.8 11.7 15.4
IV
Percent at annual rate
Pensent
Table 26.—Implicit Price Deflators for Personal Consumption
Expenditures by Major Type of Product (7.11)
Durable goods
III
Seasonally adjusted
Index numbers, 1972—100
Personal consumption expenditures.
_ -I-.
1976
9.6
97
9.7
9.5
9 3
9.2
e implicit price deflator for GNP is a weighted average of the detailed
is weighted by the lam* ^^ \jn\s v^^cm.!/*^ ^» v**~ *w**.^ ,~——.-. --- — ••
.
.
, , in 1972 prices. Changes in the implicit price deflator reflect both changes in prices and changes
in the composition of output. The chain price index uses as weights the composition of output
in the prior period, and, therefore, reflects only the change in prices between the two periods.
However comparisons of percent changes in the chain index also reflect changes m the composition of output. The fixed-weighted price index uses as weights the composition of output in
1972. Accordingly, comparisons over any timespan reflect only changes in prices.
State Personal Income, 1974-75
JL OTAL personal income rose in all
States and the District of Columbia
from 1974 to 1975. The nationwide
rise was 8% percent, little different
from the national advance in consumer
prices. The income rise was bolstered
by sharp advances in transfer payments
(up 24 percent, nationally); excluding
these payments, U.S. income rose 6%
percent.
Mining payrolls advanced a vigorous
19% percent, reflecting increased activities in coal mining and oil exploration.
On the other hand, manufacturing
payrolls advanced only 1% percent;
weakness was especially notable in
primary metals, electrical machinery,
furniture, and textiles. Construction
payrolls and farm income were both
off about 3 percent. Differences among
the States in performance and relative
importance of these industries explain
nearly all of the State variation in
total income gains.
NOTE.—State and regional personal income
estimates were prepared in the Regional
Economic Measurement Division under the
direction of Lowell D. Ashby. Staff members
participating were Wallace Bailey, Jr., Linda
Barnes, Michael Bartell, Kenneth Berkman,
Thelma Brown, Vivian Conklin, Q. Francis
Dallavalle, Dennis Drinka, Thelma Harding,
Linnea Hazen, Mildred Hynson, Arthur
Jacoby, Eunice James, Robert Klear, Gordon
Lester, Jr., Myles Levin, Arletha Mason,
Thomas McCormick, Alan Millican, Evelyn
Newman, Kevin Neyland, Virginia Olin,
Saundria Pitts, Mary Polikoff, Elizabeth
Queen, Ronald G. Reel, William Reid, Jr.,
Katherine A. Richardson, Victor Sahadachny,
Austin Schmitt, David Warlick, Michael
Williams, and Patricia Wood. Robert B.
Bretzfelder of the Regional Economic Analysis
Division prepared the discussion of the
estimates.
States with strong gains
In 12 States, gains in total personal
income were especially vigorous, ranging from 38% percent (Alaska) to 10
percent (Oklahoma). The other States
in this group, in descending order of
gain, were New Mexico, Nebraska,
Wyoming, Texas, Washington, Hawaii,
Nevada, Utah, Louisiana, and West
Virginia (table A). Gains were industrially widespread and, in many
instances, well above the national
CHART 1
Percent Change in Per Capita Personal Income, 1974-75
UNITED STATES 7.6 Percent
States With Gains of:
mj More Than 9 Percent
I
I 7 to 8.9 Percent
Less Than 7 Percent
10.8
U.S. Department of Commerce, Bureau of Economic Analysis
SUEVEY OF CURRENT BUSINESS
August 1976
average in manufacturing, mining, construction, and service-type enterprises.
Mining income advanced 20 percent
or more in five of these States; advances
were particularly important in West
Virginia, Alaska, Wyoming, New Mex-
ico, and Texas. Manufacturing was
strong in all 12 States. Construction
was up, except in Nevada and Oklahoma,
although it was off in the Nation. Advances in services were above the
nationwide advance. Because of the
15
strength in these States' economies,
advances in government unemployment insurance benefits in nine States
were well under the U.S. average advance of nearly 160 percent.
(Continued on page 33}
Table A.—Total Personal Income and Selected Components
Percent change 1974-75
Ranked by change in total
personal income
Rank
Total
personal
income
nited States
Farm
income
Index, U.S . percent
change -100
Wage and salary disbursement
Construction
Manufacturing
Mining
Government
unemployService type
ment insurindustries l ance benefits
Nonfarm
income
Total personal income
Nonfarm
income
8.4
-2.8
1.2
-3.0
19.6
8.2
158.6
8.8
100
100
38.4
13.8
13.5
12.3
12.3
12.1
50.0
37.9
45.7
-43.1
7.8
5.3
9.8
6.3
2.0
18.6
10.3
6.6
164.1
8.6
.9
17.0
10.1
15.0
61.5
20.4
5.5
29.0
20.0
12.6
56.4
12.2
9.1
13.8
11.8
10.6
38.3
90.1
159.2
118.0
190.1
88.8
38.4
12.9
9.2
15.3
12.4
12.5
457
164
161
146
146
144
436
147
105
174
141
142
11.9
11.3
11.0
10.9
10.9
10.1
31.4
-14.6
-11.2
-30.3
-18.2
-15.4
8.8
11.9
8.4
9.9
3.1
5.3
4.5
-11.6
4.5
11.8
1.6
-2.2
-29.2
15.2
12.2
18.6
27.5
15.1
10.1
10.5
10.5
12.0
10.2
12.4
64.9
99.1
105.9
97.2
133. 1
162.9
11.5
11.6
11.4
12.8
11.0
11.3
142
135
131
130 I
130
120
131
132
130
145
125
128
9.8
9.8
9.6
9.2
8.8
8.7
-5.9
14.0
6.2
-4.9
-9.7
4.3
1.4
1.4
.6
2.8
5.2
1.2
4.3
2.7
-12.3
-7.6
-17.3
14.3
7.6
48.4
22.6
25.9
31.3
8.6
9.7
8.8
6.4
8.7
10.5
105.2
239.2
240.1
99.3
349.9
160.1
10.3
9.2
9.7
9.2
9.0
9.5
117
117
114
110
105
104
117
105
110
105
102
108
8.6
8.6
8.6
8.4
8.3
8.3
23.7
4.7
1.4
-24.5
7.6
-4.3
1.2
.7
1.4
2.4
2.9
6.0
-7.9
3.3
-9.9
-.8
-2.9
2.9
7.6
10.6
4.2
-.7
3.5
1.3
8.5
7.9
8.6
9.1
8.0
10.1
173.8
207.8
117.3
108.0
158.0
97.6
8.5
8.7
8.8
10.0
8.3
10.4
102
102
102
100
99
99
97
99
100
114
94
118
8.3
8.2
8.2
8.2
8.0
8.0
-8.3
22.3
-2.7
-12.8
-.8
-17.2
1.6
-.3
1.3
-1.4
-2.7
-1.9
-12.3
.6
-4.9
-3.9
-4.4
-2.2
15.1
17.7
23.9
28.8
2.2
31.8
7.5
7.3
7.7
8.6
10.7
10.2
125.8
224.5
142.6
261.3
485.6
172 A
8.4
7.8
8.3
8.6
8.5
9.4
99
98
98
98
95
95
95
89
94
98
97
107
8.0
7.8
7.8
7.7
7.7
7.6
-5.0
-15.8
.0
6.1
28.6
-26.6
-2.4
3.1
-.8
3.9
-2.7
1.1
3.8
-5.0
-9.7
-3.4
-10.5
-10.2
15.8
.0
18.8
3.1
20.8
-6.3
9.9
7.8
8.8
5.5
5.7
7.0
232. 9
140.0
173.6
134.8
179.2
120.8
9.8
7.9
7.9
7.8
7.7
7.7
95
93
93
92
92
90
111
90
90
89
88
88
7.6
7.4
7.3
7.1
7.1
16.1
-15.3
-22.2
-6.1
-28.8
.4
-.1
9.3
-.1
1.7
-24.8
-15.5
5.0
-12.4
-12.7
-.2
8.3
17.7
-3.2
-3.2
5.8
5.9
10.9
5.9
7.4
281.0
156.1
118.1
300.8
220.1
7.4
7.5
10.6
7.6
8.5
90
88
87
85
85
84
85
120
86
97
6.8
6.8
6.7
6.5
6.1
6.1
-18.8
-16.0
44.1
-50.6
-29.7
12.0
2.8
-.1
-2.4
-.3
3.7
-2.7
3.6
-11.0
-3.3
4.3
-7.7
-3.2
19.1
.1
21.2
15.5
10.8
21.1
8.4
6.4
7.2 I
9.5
9.1
6.8
108.1
377.2
218.4
138. 3
324. 5
219.6
9.1
7.6
5.5
9.5
9.0
6.1
81
81
80
77
73
73
103
86
63
108
102
69
6.0
3.4
1.6
.6
-14.5
-39.2
—24 9
-24.0
-1.4
10.4
.1
30.3
-11.0
10.3
-1.3
9.9
14.7
16.5
13.1
25.4
6.4
12.0
10.1
9.9
160.1
87.4
116.9
42.7
6.3
13.3
9.2
11.6
71
40
19
72
151
105
132
11.4
10.0
8.6
8.3
8.0
7.9
7.8
7.0
-5! 9
-20.8
-5.5
-27.6
-5.2
-4.8
17.1
8.7
4.5
7.1
' 5.0
2.3
-4.3
-8.7
-8.6
3.7
-10.4
-3.6
16.4
13.7
21.7
24.1
8.5
15.7
19.5
18 2
11.3
8.9
10.8
8.3
7. 7
8.9
6.7
7.1
180.3
102.9
120.3
268.2
136.3
157.0
143.0
191.0
11.8
10.5
10.9
8.8
8.3
9.3
7.9
6.8
136
119
102
99
95
94
93
83
134
119
124
100
94
106
90
77
States with above national average
gains:
1 Alaska
2 New IVtexico
3 Nebraska
4 Wyoming
5 Texas
6 Washington
Hawaii
Nevada
Utah
Louisiana
West Virginia
Oklahoma
7
8
9
10
11
12
... _
States with near national average
gains:
16
17
California ._ __ __
Iowa
Alabama
_ __ _ _.
District of Columbia..Virginia
Colorado
-
18
19
20
21
22
23
Maryland
Missouri __
Vermont
Oregon.
Wisconsin
Montana
24
25
26
27
28
29
M assachusetts
Illinois
_ .
Pennsylvania
Tennessee North Carolina
Kentucky
30
31
32
33
34
35
Arkansas
Connecticut
New Hampshire
Delaware
Rhode Island
New Jersey.-
36
37
38
39
40
Florida
New York...
Kansas
Georgia
Arizona . _ _ _ - _ _ . _ - _ _ _
13
14
15
__
.__ __
__
_
_.. __
States with below national average
gains:
41
42
43
44
45
46
Minnesota .
South Carolina
Indiana
Maine. __
Mississippi
Ohio.._
-
47
48
49
50
Michigan
Idaho
South Dakota
Nortl) Dakota.
_
_ ._. _
4
Regions
1
f
Southwest
Far West
Rocky Mountain
Southeast ._
New England
Plains.
Mideast
Great Lakes
l!5
2.8
.8
-1.2
1. Includes wholesale and retail trade, the finance, insurance, and real estate group, the
transportation, communication, and public utilities group, and services.
SUKVEY OF CURRENT BUSINESS
16
August 1976
Table 1.—Total Personal Income, by States and Regions, 1958-1975
1
[Millions of dollars]
State and region
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
197 1'
1972'
1973'
1974'
1975'
359, 958 383, 765 399, 947 415, 984 442, 078 465,234 497,268 538, 690 586,736 629, 204 688, 978 751,425 808, 223 864, 989 944,585 1,059,535 1, 159, 478 1,257,354
United States
New England
1958
__ _ .
23,083
24, 498
25, 645
26, 690
28,279
29, 584
31, 486
33,853
36, 778
39, 983
43,660
47, 464
51,096
53, 812
57,892
63,485
68,819
74,319
Connecticut- _ _ _ . 6,518
Maine
1,652
Massachusetts _
11,400
New Hampshire- _ _ _ _ 1,129
Rhode Island
1,753
Vermont _ _
631
6,886
1,720
12, 126
1,239
1,849
678
7,219
1,815
12, 697
1,300
1,895
719
7,541
1,833
13, 250
1,362
1,968
736
8,110
1,906
13, 930
1,451
2,105
778
8,550
1,959
14, 552
1,518
2,203
800
9,109
2,128
15, 424
1,617
2,350
857
8,965
2,300
16, 469
1,752
2,516
951
10, 789
2,466
17, 765
1,929
2,746
1,082
11,838
2,592
19, 271
2,112
2,998
1,173
12, 868
2,813
21,055
2,330
3,291
1,303
14, 059
3,039
22,919
2,535
3,485
1,425
14, 952
3,292
24,767
2,773
3,765
1,547
15, 534
3,439
26, 184
2,971
4,020
1,664
16, 578
3,789
28, 132
3,238
4,370
1,787
18,260
4,320
30, 513
3,679
4,712
2,002
20, 019
4,760
32, 834
4,030
5,024
2,152
21, 584
5,071
35, 568
4,346
5,413
2,336
89, 847
95, 403
99,306 102, 800 108, 548 113,447 121, 137 129,607 139, 627 150,026 163, 533 177, 001 190, 104 202, 447 216,849
234,385
254,576
274,420
1,126
2,067
6,574
14, 883
41, 485
23, 712
1,203
2,188
6,977
15, 955
44, 153
24, 928
1,251
2,282
7,288
16,645
46, 135
25, 706
1,287
2,345
7,811
17,461
47, 831
26, 066
1,371
2,496
8,361
18, 596
50, 522
27, 204
1,479
2,616
8,934
19, 573
52,600
28, 245
1,852
3,037
11, 655
24, 254
63,769
35, 059
2,983
4,455
20, 120
38, 975
96, 390
53, 926
3,350
4,712
22, 216
41, 886
103,036
59,185
3,628
5,076
24, 425
45,708
110,784
64,955
3,908
5,544
26, 533
49, 181
118,958
70,296
78, 462
83,801
86, 822
88,505
93, 927
98,536 105,739 116,221 126, 921 133, 673 145, 589 158, 482 166, 681 178, 603 193, 803
216,816
234,393
250,838
24, 341
9,091
16, 689
20, 573
7,768
25, 822
9,734
17, 760
22, 061
8,425
26, 688
10, 178
18, 463
22, 822
8,670
27, 534
10,479
18,460
23,097
8,935
29, 048
11, 192
19,814
24,405
9,469
30, 287
11, 805
21,243
25,450
9,751
32,280
12, 563
23,260
27,094
10, 542
35, 188
13, 978
26, 067
29,510
11,478
38, 413
15, 168
28,404
32,389
12,547
40, 687
15, 931
29, 808
33, 981
13, 265
43, 692
17, 299
32, 980
37, 237
14, 381
47, 344
18, 956
36, 056
40, 620
15, 505
50, 149
19, 624
37, 158
42, 869
16, 882
53, 740
21, 288
40, 318
45,437
17, 819
57, 695
23, 102
44, 616
48, 975
19, 415
64,267
26, 303
49, 916
54, 396
21,934
69, 950
28, 133
53, 302
58,901
24, 106
76, 666
30, 023
56, 526
62, 514
26, 109
29,303
30, 111
31,712
32, 764
34, 908
36,333
37, 916
41, 995
45, 660
48, 134
52,054
56, 796
61,373
65, 198
71, 752
85,083
89,336
96,533
5,184
4,463
6,454
8,357
2,732
1,027
1,089
5,310
4,512
6,692
8,878
2,782
953
984
5,466
4,715
7,107
9,134
2,990
1,081
1,218
5,734
4,918
7,443
9,445
3,041
964
1,220
5,993
5,135
7,810
9,955
3,269
1,361
1,385
6,351
5,270
8,268
10,487
3,338
1,283
1,337
6,641
5,509
8,573
11, 130
3,486
1,272
1,305
7,551
5,958
8,491
12, 134
3,853
1,498
1,510
8,296
6,504
10, 329
13, 072
4,239
1,556
1,665
8,487
6, 808
11,094
14,032
4,397
1,595
1,721
9,074
7,374
12, 163
15,300
4,632
1,644
1,868
9,857
7,985
13, 468
16, 387
5,268
1,850
1,979
10, 623
8,665
14, 721
17, 726
5,638
1,913
2,086
11,051
9,227
15,564
18, 956
5,993
2,173
2,235
12, 393
10, 296
16,775
20, 381
6,785
2,545
2,577
15, 300
11, 945
19, 887
22,858
8,050
3,663
3,381
15, 883
12, 723
21,351
24, 169
8,270
3,629
3,311
17, 440
13, 655
22,793
26, 244
9,384
3,652
3,365
56,753
61,053
63,343
66, 709
71,254
76, 068
82,211
89,625
98,889 107, 440 118,838 130, 985 143,231 156,205 175, 405
201, 169
223,054
241, 406
4,488
2,229
8,427
5,787
4,431
5,070
2,377
6,363
2,934
5,118
6,676
2,854
4,763
2,448
9,297
6,245
4,686
5,358
2,612
6,852
3,188
5,503
7,140
2,951
4,974
2,486
9,741
6,533
4,823
5,439
2,667
7,270
3,341
5,636
7,430
3,003
5,127
2,695
10, 294
6,791
5,160
5,630
2,862
7,713
3,524
5,994
7,870
3,049
5,388
2,884
11, 101
7,316
5,453
5,967
3,010
8,295
3,787
6,361
8,537
3,155
5,769
3,090
11,927
7,930
5,771
6,356
3,327
8,761
3,996
6,745
9,096
3,300
6,232
3,375
13,071
8,623
6,022
6,849
3,460
9,453
4,319
7,246
10,030
3,531
6,835
3,571
14,315
9,490
6,582
7,460
3,779
10 241
4,759
7,944
10,882
3,766
7,373
3,993
15, 777
10, 547
7,219
8,335
4,158
11,448
5,354
8,781
11,876
4,027
7,817
4,227
17,580
11,481
7,765
9,116
4,480
12, 459
5,808
9,427
12, 983
4,296
8,541
4,603
20,067
12, 759
8,526
9,968
4,907
13, 739
6,458
10, 365
14, 383
4,523
9,363
5,021
22, 871
14,338
9,257
10, 478
5,331
15,200
7,110
11, 402
15,773
4,840
10, 175
5,560
25,596
15,453
10, 056
11,285
5,830
16, 578
7,765
12, 281
17,294
5,360
11,076
5,973
28,443
16,858
10, 862
12, 181
6,378
17, 898
8,377
13, 470
18, 863
5, 820
12, 227
6,713
33, 140
18,782
11,927
13, 356
7,188
20, 116
9,427
15, 099
20,964
6,466
13, 847
8,043
39, 557
21,399
13,470
14, 838
8,292
22, 801
10, 821
17, 223
23,746
7,132
15, 313
9,054
43, 742
23,396
15, 314
16, 766
8,955
24, 990
12, 181
18, 949
26, 399
7,994
16,779
9,775
47,055
25,052
16,541
18,591
9,504
26, 995
13,014
20, 501
28,732
8,867
24, 942
26,382
27, 435
28,938
30, 440
31, 965
34,028
36, 724
40,271
43, 923
48,520
53,509
58, 925
62, 778
69,985
80,689
90, 227
100,523
11,121
4,810
12, 933
61,362
11, 908
5,476
14, 237
68, 903
Mideast
Delaware
District of Columbia- .
Maryland-- _ _ _ _ _
New Jersey
New York
Pennsylvania
Great Lakes
Illinois
Indiana
Michigan. .
Ohio
Wisconsin
Plains
Iowa
Kansas
Minnesota
Missouri..
_ - _
Nebraska
North Dakota
South Dakota
Southeast
Alabama
Arkansas _ _ _ _
Florida.
Georgia.
Kentucky.
Louisiana
Mississippi _
North Carolina. _
South Carolina
Tennessee. .
Virginia
West Virginia
South west -.
ArizonaNew Mexico
Oklahoma
Texas
2,209
1,579
4,026
17, 128
Rocky Mountain
8,218
8,678
Colorado
Idaho
Montana
Utah....
Wyoming...
3,494
1,154
1,354
1,548
668
3,732
1,224
1,338
1,675
709
Far West
California.. .
Nevada..
Oregon
Washington
Alaska
Hawaii
.
2,439
1,718
4,184
18, 041
1,595
2,761
9,705
20, 819
55, 998
30,260
1,745
2,912
10, 610
22, 486
59,553
32,300
2,355
3,555
15, 506
31, 158
80, 765
43, 662
2,493
3,839
16,968
33, 814
86,078
46, 913
2,727
4,134
18, 279
36, 325
91, 129
49,853
2,891
1,828
4,593
19, 627
3,149
1,927
4,731
20, 634
3,349
1,984
4,932
21,699
3,523
2,074
5,272
23, 159
3,758
2,231
5,710
25,025
4,099
2,338
6,196
27, 638
4,516
2,445
6,750
30, 211
5,087
2,629
7,308
33, 496
5,811
2,876
7,925
36, 897
6,568
3,148
8,693
40, 515
7,362
3,404
9,232
42, 780
8,505
3,785
10, 094
47, 601
9,132
9,634
10, 361
10,695
11,066
11,901
12,684
13, 478
14,691
16,257
18, 088
19,745
22,366
26,210
29,186
31,686
3,984
1,241
1,382
1,781
744
4,268
1,305
1,369
1,918
774
4,511
1,403
1,581
2,070
797
4,704
1,418
1,588
2,167
819
4,950
1,457
1,595
2,232
832
5,272
1,674
1,726
2,369
861
5,703
1,687
1,874
2,518
902
6,138
1,800
1,926
2,670
944
6,869
1,901
2,034
2,878
1,009
7,650
2,165
2,204
3,114
1,125
8,569
2,362
2,443
3,439
1,274
9,573
2,558
2,539
3,760
1,315
10, 898
2,858
2,914
4,216
1,480
12, 677
3,483
3,490
4,814
1,745
13,955
4,096
3,743
5,351
2,042
15, 168
4,234
4,054
5,937
2,294
2,658
1,758
4,382
18,636
47, 643
51, 964
54,432
57, 718
62, 020
66,131
70, 982
75,878
82, 760
89, 084
98, 249 106,588 113,791 120,880 130,721
145,094
162,422
178,632
37, 292
691
3,526
6,134
40, 886
753
3,783
6,542
42, 947
814
3,934
6,737
45, 684
897
4,051
7,086
48, 982
1,101
4,295
7,643
52,517
1,230
4,556
7,827
56,600
1,327
4,886
8,168
60, 361
1,418
5,321
8,777
65, 481
1,498
5,749
10,033
70, 446
1,572
6,083
10,982
77, 632
1,790
6,620
12, 208
83, 952
2,050
7,275
13,311
89, 892
2,250
7,814
13, 834
95, 336 102, 947
2,490
2,738
8,522
9,457
14, 532 15, 579
113,515
3,164
10, 759
17, 657
126, 948
3,537
12, 176
19, 761
139, 337
3,935
13,201
22, 158
527
1,180
560
1,316
643
1,478
630
1,595
664
1,677
706
1,769
797
1,906
858
2,028
922
2,225
1,023
2,440
1,113
2,729
1,256
3,087
1,412
3,523
1,549
3,773
1,687
4,124
1,982
4,617
2,402
5,069
3,324
5,674
28, 279 29, 584 31,486 33, 853 36, 778 39,983 43,660
96,321 100, 418 107, 077 114,340 123, 082 132, 270 143, 907
93, 927 98, 536 105, 739 116,221 126, 921 133, 673 145, 589
34, 908 36,333 37, 916 41, 995 45, 660 48, 134 52, 054
54, 418 58, 039 63, 088 68, 721 75, 574 82,363 91,556
20, 213 21,613 22, 960 25, 139 27, 532 29, 490 32,339
34, 215 36, 077 38,656 41, 766 46, 162 50, 304 55, 375
16, 537 17, 259 17, 990 19,308 20, 618 22,011 24, 197
63,260 67,376 72,358 77,347 84,409 90, 976 100, 302
47, 464
155, 585
158, 482
56, 796
101, 549
35,354
60, 321
26,995
108, 881
51,096
166, 804
166,681
61,373
111,346
38, 341
66,053
30, 054
116,475
53,812
177,307
178, 603
65, 198
121,407
41,785
70, 166
33,001
123,711
57,892
189, 291
193,803
71,752
136, 453
46, 441
77, 765
37, 395
133, 794
63, 485
204, 107
216,816
85, 083
155, 733
52,833
89, 236
43, 707
148,529
68,819
221,447
234, 393
89, 336
171,831
58, 532
100, 116
48, 654
166,356
74, 319
238,435
250, 838
96, 533
185, 701
63,325
111,505
53,005
183,695
Census Regions
23, 083
80, 080
78, 462
29, 303
42, 808
16,413
28, 454
12, 697
48, 658
24, 498
85, 036
83,801
30, 111
46,050
17,564
30,030
13,589
53, 086
25, 645
88, 485
86,822
31,712
48, 139
18,100
30, 944
14, 362
55, 739
26, 690
91, 357
88,505
32,764
50,684
19, 142
32,544
15, 250
59,047
'Revised. States estimates of personal income, 1973-75, were revised to reflect changed
national totals and more current State data series. Other revisions incorporate income component and residence adjustment changes for selected States.
1. The personal income level shown for the United States differs from that in the national
accounts because it omits income received by Federal government employees overseas and
because it does not include the changes arising from the latest national accounts benchmark
revision.
2,142
3,413
14,071
28, 589
74,950
40, 368
10, 018
4,315
11,573
54, 783
ADDENDA
New England .
Middle AtlanticEast North Central... .
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
1,963
3,225
12, 568
26, 175
68, 578
37, 517
Estimates for earlier years are available from the Regional Economic Measurement Division, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, D.C.
20230. Also available from the division is table 3, which shows related Bureau of Census
population estimates for each year as of July 1.
17
SURVEY OF CURRENT BUSINESS
August 197C
Table 2.—Per Capita Personal Income, by States and Regions, 1958-1975
[Dollars]
State and region
United States
New England
Connecticut
Maine ..
Massachusetts
New Hampshire
Rhode Island
Vermont-.
Mideast Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
1958
1959
2,067
2,259
1965
1966
1967
1968
1969
1970
1971 '
1972 r
1973'
1974'
2,603
2,785
3,001
3,188
3,457
3,733
3,966
4,195
4,537
5,049
5,486
5,902
2,815
2,988
3,218
3,458
3,752
4,045
4,300
4,475
4,783
5,227
5,668
6,098
3,256
2,143
2,831
2,439
2,656
2,147
3,453
2,307
2,993
2,592
2,818
2,353
3,717
2,469
3,210
2,833
3,054
2,621
4,033
2,582
3,445
3,030
3,298
2,772
4,341
2,830
3,748
3,286
3,570
3,031
4,686
3,064
4,057
3,502
3,740
3,261
4,917
3,302
4,340
3,737
3,959
3,468
5,048
3, 405
4,540
3,919
4,196
3,674
5,382
3,693
4,854
4,183
4,509
3,884
5,929
4,158
5,262
4,633
4,873
4,296
6,487
4,536
5,667
4,986
5,355
4,602
6,973
4,786
6,114
5,315
5,841
4,960
2,830
2,987
3,159
3,376
3,605
3,901
4,203
4,471
4,720
5,044
5,479
5,968
6,433
3,062
3,279
2,639
2,997
3,012
2,472
3,208
3,460
2,779
3,126
3,184
2,627
3,442
3,654
2,947
3,323
3,358
2,780
3,590
3,840
3,154
3,540
3,574
3,006
3,738
4,077
3,345
3,778
3,824
3,212
4,012
4,387
3,688
4,081
4,152
3,438
4,362
4,666
4,009
4,391
4,461
3,719
4,524
5,079
4,309
4,701
4,712
3,971
4,870
5,454
4,569
4,979
4,957
4,194
5,225
5,924
4,970
5,303
5,248
4,530
5,846
6,420
5,453
5,718
5,657
4,989
6,284
7,043
5,973
6,242
6,120
5,485
6,748
7,742
6,474
6,722
6,564
5,943
1960
1961
2,167
2,222
2,274
2,381
2,469
2,347
2,435
2,502
2,618
2,693
2,665
1,750
2,275
1,944
2, 043
1,660
2,729
1,797
2,370
2,078
2,157
1,752
2,838
1,862
2,461
2,135
2,217
1,847
2,916
1,843
2,539
2,203
2,293
1,887
3,064
1,917
2,647
2,296
2,417
1,980
3,135
1,973
2,723
2,340
2,515
2,016
2,382
2,497
2,573
2,627
2,744
2,601
2,730
2,205
2, 527
2,499
2,144
2,727
2,875
2,275
2,653
2,646
2,219
2,785
2,983
2,341
2,727
2,740
2,269
2,791
3,014
2,459
2,787
2,804
2,288
2,922
3,167
2,562
2,916
2,920
2,396
1962
1963
1964
1975 r
Great Lakes
2,205
2,332
2,392
2,417
2,544
2,638
2,792
3,026
3,258
3,397
3,672
3,972
4,135
4,400
4,751
5,311
5,731
6,121
Illinois _ _
Indiana
Michigan
Ohio
Wisconsin
2,462
1,984
2,177
2,143
2,021
2,586
2,110
2,287
2,281
2,165
2,646
2,178
2,357
2, 345
2,188
2,718
2,216
2,339
2,344
2,229
2,826
2,363
2,498
2,458
2,339
2,912
2,460
2,636
2, 549
2,371
3,051
2,587
2,841
2,688
2,531
3,291
2,840
3,119
2, 893
2,712
3,545
3,034
3,337
3, 135
2,936
3,717
3,153
3,454
3,263
3,083
3,974
3,397
3,793
3,541
3,310
4,289
3,686
4,106
3,846
3,542
4,507
3,772
4,180
4,020
3,812
4,802
4,061
4,499
4,237
3,986
5,131
4,370
4,950
4,568
4,290
5,750
4,959
5,509
5,063
4,831
6,268
5,295
5,846
5,481
5,281
6,789
5,653
6,173
5,810
5,669
Plains
Iowa
Kansas
Minnesota
Missouri _ _ . _
Nebraska
North Dakota .
South Dakota
. .
Southeast. -.
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West VirginiaSouthwest
1,954
1,982
2,056
2,104
2,230
2,312
2,402
2,655
2,874
3,019
3,244
3,505
3,751
3,947
4,318
5,115
5,364
5,785
1,914
2,083
1,948
1,996
1,975
1,694
1,660
1,946
2, 089
1,988
2,085
1,991
1,541
1,475
1,983
2,160
2,075
2,112
2,110
1,704
1,784
2,081
2,220
2,145
2,172
2,103
1,504
1,760
2,179
2,302
2,223
2,285
2,233
2,137
1,964
2,312
2,377
2,341
2,388
2,261
1,992
1,888
2,418
2,494
2,409
2,506
2,352
1,960
1,862
2,754
2,701
2,642
2,716
2,619
2,308
2,182
3,004
2,956
2, 856
2,890
2,912
2,404
2,438
3,039
3,099
3,032
3,091
3,018
2,548
2,565
3,237
3,327
3,285
3,349
3,157
2,647
2,793
3,514
3,571
3,584
3,532
3,574
2,980
2,963
3,751
3,853
3,859
3,781
3,789
3,086
3,123
3,865
4,084
4,038
4,004
3,974
3,454
3,311
4,297
4,540
4,328
4,293
4,441
4,015
3,790
5,344
5,276
5,112
4,794
5,251
5,768
4,957
5,561
5,615
5,469
5,065
5,379
5,698
4,860
6,077
6,023
5,807
5,510
6,087
5,737
4,924
1,516
1,602
1,629
1,687
1,773
1,867
1,988
2,141
2,340
2,521
2,761
3,015
3,257
3,497
3,859
4,346
4,740
5,055
1,419
1,292
1,820
1,521
1,496
1,607
1,140
1,454
1,273
1,474
1,706
1,547
1,487
1,394
1,934
1,615
1,563
1,670
1,222
1,537
1,358
1,563
1,807
1,596
1,519
1,390
1,947
1,651
1,586
1,668
1,222
1,590
1,397
1,576
1,864
1,621
1,546
1,492
1,963
1,692
1,690
1,713
1,297
1,654
1,463
1,655
1,922
1,668
1,622
1,556
2,034
1,791
1,771
1,784
1,342
1,762
1,563
1,732
2,042
1,744
1,718
1,648
2,119
1,901
1,864
1,882
1,483
1,848
1,625
1,814
2,127
1,837
1,836
1,779
2,261
2,025
1,925
1,987
1,544
1,969
1, 745
1,921
2,302
1,965
1, 985
1,886
2,404
2,191
2,096
2,134
1,682
2,106
1,908
2,092
2,467
2,109
2,128
2,103
2,585
2,409
2,294
2,348
1,852
2,338
2,124
2,298
2,665
2,269
2,261
2,224
2,816
2,605
2,448
2,546
2,011
2,516
2,293
2,443
2,880
2,428
2,479
2,420
3,119
2,847
2,669
2,766
2,211
2,746
2,524
2,673
3,156
2,566
2,722
2,625
3,444
3,151
2,895
2,895
2,402
3,021
2,767
2,926
3,419
2,772
2,948
2,878
3,738
3,354
3,112
3,090
2,626
3,252
2,990
3,119
3,712
3,061
3,181
3,040
4,034
3,604
3,314
3,296
2,846
3,470
3,174
3,378
4,001
3,282
3,472
3,343
4,510
3,968
3,608
3,573
3,186
3,853
3,507
3,708
4,400
3,602
3,905
3,952
5,107
4,441
4,048
3,961
3,579
4,300
3,972
4,206
4,902
3,989
4,284
4,379
5,406
4,798
4,565
4,456
3,837
4,649
4,390
4,567
5,377
4,480
4,643
4,620
5,638
5,086
4,871
4,904
4,052
4,952
4,618
4,895
5,785
4,918
- -_
1,834
1,902
1,927
1,986
2,039
2,116
2,227
2,383
2,587
2,792
3,033
3,277
3,546
3,707
4,051
4,567
5,019
5,487
Arizona
New Mexico
Oklahoma _ _ _
Texas
1, 851
1, 782
1,776
1, 851
1, 934
1, 869
1,828
1, 918
2,012
1, 843
1,876
1, 936
2, 054
1,895
1, 930
1, 999
2,141
1,968
1, 949
2,052
2,202
2,006
2,022
2,136
2,264
2,062
2, 156
2,255
2,373
2,204
2,340
2,411
2, 539
2, 321
2, 525
2,634
2,744
2,445
2, 712
2,850
3,024
2,645
2,920
3,096
3,346
2,845
3, 126
3,341
3, 665
3,077
3,387
3,606
3, 941
3,232
3,551
3,747
4,333
3,518
3, 834
4,102
4,833
3, 927
4,336
4,632
5,152
4, 299
4,823
5,106
5,355
4,775
5,250
5,631
Rocky Mountain
1,986
2,054
2,099
2,142
2,262
2,309
2,368
2,532
2,679
2,818
3,018
3,289
3,590
3,826
4,214
4,785
5,222
5,576
Colorado
Idaho
Montana,. - _ .
Utah
Wyoming
2,096
1,786
2, 034
1, 832
2, 121
9 IgO
1,863
2,001
1, 926
2, 215
2, 252
1, 850
2, 035
1, 979
2,247
2, 314
1, 908
1, 967
2, 049
2, 297
2, 375
2,027
2 265
2,161
2, 392
2,430
2,076
2, 259
2 224
2^438
2,513
2,142
2, 259
2,282
2,454
2, 656
2,440
2,444
2,390
2,595
2, 841
2, 449
2, 650
2, 495
2, 793
2, 990
2, 617
2^621
2, 930
3,240
2, 735
2,906
2,797
3,114
3,532
3,062
3,176
2, 974
3, 419
3,855
3,290
3, 500
3,227
3,815
4,197
3, 475
3,576
3,437
3,868
4,610
3,786
4,070
3, 741
4,276
5,137
4, 489
4,781
4,186
4, 945
5,549
5,140
5, 079
4,539
5,644
5, 985
5, 159
5,422
4,923
6,131
2,426
2,558
2,618
2,687
2,796
2,891
3,030
3,170
3,402
3,595
3,909
4,164
4,374
4,593
4,924
5,403
5,976
6,481
2, 506
2, 569
2, 052
2, 212
2,643
2, 700
2,166
2, 319
2,706
2, 799
2,220
2,360
2, 769
2,847
2,267
2, 459
2, 869
3,127
2, 362
2, 598
2,972
3, 098
2, 459
2, 649
3, 118
3,114
2, 588
2, 759
3,248
3,194
2,747
2, 958
3, 472
3,360
2, 920
3, 282
3, 674
3, 502
3,074
3, 460
4,003
3, 858
3, 303
3,733
4,259
4,271
3, 528
3, 982
4,493
4,563
3, 719
4, 053
4,711
4,873
3, 992
4,230
5, 044
5, 138
4,328
4, 558
5,497
5,742
4,848
5,146
6,089
6,161
5, 398
5,646
6,593
6,647
5, 769
6, 247
2, 351
1, 983
2, 498
2, 157
2,809
2,368
2,646
2,481
2,699
2,568
2, 756
2, 637
3, 030
2,811
3,168
2, 906
3, 402
3, 192
3, 681
3,447
3, 907
3, 796
4,244
4, 155
4,644
4,623
4, 916
4,818
5, 192
5, 123
6,005
5,570
7,037
6,010
9, 448
6,658
3,458
3, 619
3, 397
3, 019
2, 793
2,319
2, 709
2, 794
3, 594
3, 752
3, 911
3, 672
3,244
3, 059
2, 539
2, 941
3, 022
3, 907
4, 045
4, 212
3, 972
3, 505
3, 349
2,772
3,156
3,304
4,163
4,300
4, 475
4, 135
3, 751
3, 615
2, 986
3,407
3,601
4,381
4, 475
4, 720
4,400
3,947
3,874
3,217
3, 566
3,840
4, 598
Far West
California. _ Nevada
Oregon Washington
Alaska _
Hawaii
ADENDA
New England
Middle Atlantic
East North Central ..
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
Census Regions
..
2, 259
2, 387
2, 205
1, 954
1, 709
1,405
1, 735
1, 957
2,410
2,347
2, 506
2, 332
-1, 982
1, 802
1,481
1, 803
2, 033
2,544
2, 435
2, 582
2, 392
2, 056
1, 845
1, 499
1, 819
2,077
2,611
2, 502
2,631
2,417
2,104
1, 901
1, 569
1, 882
2,123
2, 678
2,618
2,750
2, 544
2, 230
2, 002
1,641
1, 935
2,240
2,783
2, 693
2, 835
2, 638
2,312
2, 092
1,741
2, 021
2, 289
2, 879
2,815
2, 994
2 799
M02
2,233
1, 831
2,141
2, 348
3, 022
NOTES. — See footnotes on table 1.
State population used in the computation of per capita personal income in 1975 includes
217-440 O - 76 - 3
2,988
3,165
3, 026
2, 655
2, 391
1, 991
2, 294
2, 495
3,162
3,218
3,385
3, 258
2,874
2, 594
2,172
2,510
2, 643
3, 396
4,783
5, 032
4,751
4,318
4,275
3,530
3, 892
4,211
4, 929
5 227
5', 457
5,311
5,115
4,777
3, 977
4,401
4,751
5,409
5,668
5, 942
5, 731
5,364
5,176
4,364
4,877
5, 154
5, 987
6,098
6, 398
6, 121
5, 785
5,510
4,676
5,347
5, 496
6, 520
Vietnamese refugees. See notes for tables 18 (Pennsylvania), 35 (Arkansas), 36 (Florida), and
58 (California) below.
SURVEY OF CURRENT BUSINESS
18
August 1976
Tables 4-15.—Personal Income by
[Millions
Table 4.— United States
Table 5. — New England
Table 6. — Connecticut
Table 7.— Maine
Table 8.— Massachusetts
Item
Line
1973
1974
1975
1973
1974
1975
1973
1974
1975
1973
1974
1975
1973
1974
1975
Income by place of work
1 Total labor and proprietors income L -
835, 603
899, 900
950,837
47,778
51,095
53, 301
13,472
14,520
15,229
3,252
3,551
3,641
23,447
24, 972
26,092
694, 518
45, 974
95,111
36, 672
58, 439
758, 060
52, 307
89, 533
29, 971
59, 562
799, 439
58,813
92, 585
28,618
63, 967
41,406
2,610
3,762
370
3, 392
44, 481
2,944
3,671
388
3,283
46, 245
3, 297
3, 759
249
3,510
11,628
776
1,069
61
1,007
12,647
885
988
59
929
13, 195
996
1,038
43
995
2,642
156
455
165
290
2,860
179
511
207
304
3,028
203
410
89
321
20, 580
1,267
1,599
48
1,551
22, 037
1,414
1,521
- 44
1,477
22, 893
1,580
1,619
37
1,582
40,803
794, 800
34, 850
865, 050
33, 878
916, 959
476
47, 303
497
50, 598
360
52, 942
95
13, 377
95
14,425
80
15, 149
186
3,067
231
3,320
114
3,527
79
23,368
72
24,900
66
26, 026
42, 794
16, 048
10,871
(D)
269
200
375
712
1,471
2,248
2,163
(D)
1,435
44, 594
16, 296
11,070
(D)
237
201
335
683
1,420
2,288
2,230
(D)
1,582
11,644
4, 903
3,827
98
21
51
109
306
664
731
463
27
1,018
12,555
5,425
4,280
116
20
58
111
338
741
820
513
31
1,147
13, 165
5, 594
4,376
156
17
60
100
319
705
872
506
35
1,242
2,428
863
307
4
117
2,791
936
337
6
115
13
7
24
26
47
12
40
2,644
938
350
4
129
7
14
8
26
32
54
13
51
19, 690
6, 549
4,083
212
46
87
152
208
490
886
1,059
110
177
21,021
7,137
4,601
252
42
90
172
233
548
1,045
1,190
75
192
21,886
7,252
4,712
263
37
93
147
236
536
1,049
1,262
79
221
848
634
5,177
647
210
130
1,077
127
5
109
87
102
207
223
22
182
242
144
1,145
134
6
106
86
111
224
245
25
195
220
144
1,218
140
9
103
93
109
245
329
30
149
3
6
556
78
(*)
65
20
203
25
13
2
27
4
588
82
(*)
66
22
221
28
13
3
30
4
8
599
86
(*)
60
22
231
30
13
3
32
432
523 i
239
226 1
2,536 i
2,466
335
333
1
1
258
266
293
293
351
364
452
429
242
264
21
17
334
356
558
232
2, 540
337
605
450
830
844
579
(D)
(D)
862
654
5,226
659
11
574
461
811
893
696
( DD )
( )
419
49
1
3
1
43
3,029
8,225
2,860
5,365
3,075
804
2,271
3,012
425
53
1
3
2
46
2, 767
8, 729
3, 005
5,723
3, 349
870
2,480
3,120
12
12
D
( )
(D)
(*)
12
895
1,996
672
1,324
923
175
748
691
13
17
D
( )
123
2
(*)
(*)
1
1
217
523
153
370
129
42
87
208
(D)
232
570
174
396
140
46
94
225
121
3
(*)
(D)
2
14
845
2,152
781
1,371
998
197
800
735
12
17
D
( )
2
(D)
14
803
2,273
822
1,451
1,099
214
885
763
(D)
242
619
187
432
154
51
104
237
201
12
D
( D)
( )
(*)
12
1,528
3, 970
1,426
2,544
1,452
399
1,052
1,527
191
13
D
( )
1
(D)
12
1,460
4,192
1,512
2, 679
1,544
445
1,099
1,603
192
15
(D)
1
(D)
14
1,280
4,448
1,590
2,857
1,668
480
1,188
1,663
200
757
467
988
600
9,136
D
( )
416
1,529
232
282
(D)
206
732
490
1,064
627
10,049
(D)
433
1,695
242
289
(D)
4»
177
95
210
160
2, 170
36
110
369
54
91
1,509
50
184
104
229
167
2,329
36
110
403
57
94
1,629
52
175
107
247
180
2,565
52
115
457
59
96
1,787
41
54
18
57
37
461
30
26
50
10
27
319
41
59
21
63
40
509
27
27
55
10
28
362
43
60
23
69
42
571
33
29
59
12
29
410
78
376
286
505
282
4,549
98
207
841
125
107
3,171
80
378
296
551
297
4,965
105
209
895
118
110
3,530
83
367
315
588
310
5,446
138
216
991
123
112
3,866
221
168
53 I
7, 805
231
173
59
8,348
54
52
2
1,733
56
54
2
1,869
53
50
3
1,984
25
14
11
639
27
15
12
676
29
17
12
736
103
70
33
3,677
106
71
34
3,879
114
76
38
4,140
1,558
693
5,554
1,701
686
5,960
259
152
1,322
285
173
1,411
313
181
1,490
164
111
364
181
105
389
209
114
412
765
293
2,619
794
249
2,836
859
241
3,040
51,095
53,301
13,472
14,520
15, 229
3,252
3,551
3,641
23, 447
24,972 26,092
194
1,139
72
73
74
Private.
- - ..
..
.
649, 557
707, 126
743, 635 39, 869
M anuf acturing
221,634
239, 985
242, 962 14, 656
Durables. . _ . . .
141,801
153,896
153, 753
9,688
Ordnance and accessories
2,459
2,531
2,567
(D)
Lumber and wood products
5,908
6,162
5,919
257
Furniture and fixtures
4,282
4,405
4,180
187
Stone, clay, and glass products. ..
7,671
8,149
8,060
348
D
Primary metals industries
18, 037
20, 425
19, 964
( )
Fabricated metal products
16, 559
17,944
17,772
1,320
Machinery, except electrical- .
25,817
29, 504
30, 278
1,942
Electrical equipment and supplies
21,794
23,518
22, 645
(D)
Motor vehicles and equipment...
17,995
18, 145
18,131
(D)
Transportation
except motor
11,890
12,811
13, 607
1, 269
vehicles.
Instruments and related products
5,568
6,509
6,193
716
Misc. manufacturing., . . ...
3,821
4,121
4,109
581
Nondurables..
... . .
79, 833
86, 089
89, 209
4,968
Food and kindred products
16, 962
18, 566
19,878
629
Tobacco manufactures
855
937
1,000
6
Textile mill products
7,606
7,275
7,753
626
Apparel and other textile products
8,678
8,868
445
8,833
Paper and allied products
7,873
8,538
8,683
773
Printing and publishing
11,786
12,585
13, 232
788
Chemicals and allied products
13, 833
15, 646
16,812
528
Petroleum and coal products
3, 549
4,004
4,523
( DD )
Rubber and plastics products,
6,743
7,226
7,037
( )
n.e.c.
Leather and leather products
1,948
432
1,966
1,936
Mining
7,885
11,090
13, 269
41
Coal mining
2,329
3,186
4,210
(*)
Oil and gas extraction
3,106
5,102
6,075
(*)
Metal mining
1,080
1,253
1,361
(D)
Nonmetallic minerals, except fuels1,370
1,549
1,623
(D)
Contract construction. . ..
52,716
55, 501
53,823
3,153
Wholesale and retail trade
135, 756
148, 450
159,416
7,698
Wholesale trade
49, 561
56, 219
59,385
2,600
Retail trade
_ .
86, 195
100, 031
92,231
5, 098
Finance, insurance, and real estate
43,212
45, 957
50, 367
2,870
Banking..
10, 968
12,552
13, 780
718
Other
32, 244
33, 405
36, 587
2,152
Transportation, communication, elec59, 937
64, 725
68, 227
2,855
tric, gas, and sanitary services.
Railroad transportation
8,117
8, 739
8,438
195
Trucking and warehousing
15, 197
16,221
16,078
739
Other transportation _ .
12,151
14,250
13,261
441
Communication
14, 555
17,541
16, 095
907
Electric, gas, and sanitary services..
9,917
10,710
11,619
573
Services.. .
125,497
138, 202
152,070
8,385
Hotels and other lodging places
4,850
5,147
5 , 922
(D)
Personal services
7,077
7,583
7,356
409
Business and repair services. _ _. .
23, 768
1,422
26, 100
28, 295
Amusement and recreation
5,211
6,072
233
5,493
Private households
5 346
5, 629
5,490
Professional, social, and related
79, 245
88, 616
98, 569
(D)
services.
O ther industries _ . _
2,920
212
3,216
3,501
Agricultural services and hunting. ..
2,460
161
2,725
2,958
Forestry, fisheries, and rest of world.
460
491
51
543
Government and Government enter145, 243
7,434
157, 924
173, 324
prises.
Federal, civilian..
35, 144
1,495
38, 575
42, 248
Federal, military
19, 164
796
19, 977
20, 400
State and local
90, 935
5, 143
99, 372
110,676
Derivation of personal income by place of
residence
Total labor and proprietors income by place
835, 603
899,900
950, 837 47,778
of work.
Less: Personal contributions for social in42, 163
2,346
47, 499
49,914
surance by place of work.
Net labor and proprietors income by place
45,432
852, 401
793, 440
900, 923
of work.
Plus: Residence adjustment.
920
Net labor and proprietors income by place of
793, 440
852,401
900,923 46, 352
residence.
Plus: Dividends, interest, and rent...
148, 223
168, 022
9,738
182,653
Plus: Transfer payments.
117, 872
139,055
7,395
173,778
Personal income by place of residence
1, 059, 535 1,159,478 1,257,354 63, 485
75
76
Per capita income (dollars)
Total population (thousands)
By type
2
3
4
5
6
Wage and salary disbursements-. Other labor income. .
.
Proprietors income
Farm...
Nonfarm. .. ..
....
8
Farm
Nonfarm
By industry
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
.
_._ .
...
._ ...
5,049
209, 831
5,486
211,334
5,902
213,040
5,227
12, 145
NOTES. —See footnotes on table 1.
State population used in the computation of per capita personal income in 1975 includes
(°r
9
122
3
(*)
(D)
2,612
2,692 j
630
707
717
160
183
48, 483
50, 609
12,842
13,813
14,511
3,092
3,368
15
9
29
29
48
13
55
1,260
260
295
348
476
301
23
307
1,298
3,447 22, 308
23,713
24, 794
-15
3,432
-165
22, 143
-175
23,538
-187
24, 607
956
49,440
980
51,589
754
13,597
773
14,587
784
15, 295
-3
3,089
10, 607
8, 773
68,819
11,476
11,254
74, 319
2,971
1,692
18, 260
3,449
1,983
20, 019
3,725
2,564
21,584
6 7
,?
6^04
4,320
664
733
4,760
723
915
5,071
4,590
3,780
30,513
5,201
4,810
5,760
4,486
32,834 | 35, 568
5,668
12, 143
6,098
12, 188
5,929
3,080
6,487
3,086
6,973
3,095
4,158
1,039
4,536
1,049
4,786
1,059
5,262
5,799
5,667
5,793
-5
3,362
6,114
5,818
Vietnamese refugees as follows: table 18 (Pennsylvania) 17 thousand, table 35 (Arkansas)
24 thousand, table 36 (Florida) 6 thousand, and table 58 (California) 18 thousand.
SUKVEY OF CURRENT BUSINESS
August 1976
19
Major Sources, 1973-75
of dollars]
Table 9. — New
Hampshire
Table 12. — Mideast
Table 11. — Vermont
Table 10. — Rhode
Island
Table 13. — Delaware
Table 14.— District of
Columbia
Table 15.— Maryland
Line
3,059
5
3,472
2,171 ;
842
(D)
6
43
16
18
29
42
117
176
2,340
904
2, 421
896
(D)
(D)
8
44
16
19
34
43
136
191
37
14
18
30
47
144
190
7
7
15
13
31
(*)
47
19
85
47
9
19
12
()
33
(*)
40
19
76
48
9
68
63
71
5
(*)
79
6
(*)
(*)
(*)
7
11
11
()
28
(*)
53
17
74
43
8
(D)
68
D
75
4
(*)
(D)
11
D
(D)
(*)
198
179
471
127
510
139
344
137
36
100
158
372
148
39
109
166
18
(D)
7
44
13
59
35
458
32
23
61
(D)
18
(D)
7
43
12
66
38
505
34
25
67
(D)
19
(D)
10
9
1
414
11
10
1
458
85
60
269
205
426
110
315
126
32
94
147
2,920
3,062
7,524
8,168
8,746
15, 790
17, 145
18, 208
1
1,336
89
189
58
131
1,397 161,417 173,554 180,412
9, 859 11,011 12,330
102
198 13, 369 13, 024 13, 837
1,079
59
1,187
1,388
140 11,981 11,838 12, 758
2, 310
206
252
117
135
2,484
217
219
91
128
2, 587
241
234
97
136
7,126
234
164
(*)
164
7,732
282
154
(*)
154
8,241
338
167
(*)
167
13, 734
748
1,308
219
1,089
15, 074
863
1,208
154
1,054
15, 907
982
1,318
196
1,122
2
3
4
5
6
69
1, 546
1,534
1,460
70
1,680
1,627 182, 967 196, 055 205, 118
123
2,645
98
2,822
104
2, 957
(*)
7,524
(*)
8,168
(*)
8,746
248
15, 542
190
16, 955
235
17, 972
8
1,330 149,376 159,605 165,604
454 49, 023 52, 639 53, 043
338
(D) 31,190 31, 140
279
279
277
(*)
337
27
367
378
683
19
620
660
1,914
2, 037
28
2,010
5, 245
5, 976
5, 794
4
3,135
3,455
3,386
8
5, 812
75
5,604
5,008
(D)
(D)
131
5,048
(D)
(D)
(L>)
1
27
1,477
(D)
(D)
2,255
1,057
(i>)
(*)
4
2
8
30
22
25
8
2,404
1,134
(D)
(*)
4
3
9
34
28
25
9
2, 501
1,178
3, 719
246
25
(*)
1
(*)
4
2
4
2
5
12, 333
3,112
(D)
149
39
41
145
584
171
202
(D)
(D)
3,880 11,343
2,853
248
1,762
27
137
(*)
1
36
40
(*)
2
132
2
521
4
145
185
4
4
157
(D)
208
(D)
141
12, 928
3,150
4
2
8
32
25
25
8
(D)
3
3,398
223
23
(*)
1
(*)
4
2
4
1
4
(*)
4
221
169
223
168
9
11
12
20
648
24
51
20
1
(D)
(D)
(*)
7
29
13
22
678
28
43
1
2
200
19
(*)
(*)
1
(*)
175
4
(D)
(D)
8
5
6
5
83
1,434
2, 529
183
227
22
2,768
()
2, 442
164
214
99
1,697 184, 646 197, 589 206, 579
„
2, 246
143
224
2,798 ! 2,917
1975
1, 251
78
188
72
116
3,477
28
2,586
1974
3, 203
234
267
5
261
2,939
16
1973
3,157
212
248
4
244
2,820
211
1975
1,615
2,613
16
1974
1,517
1974
198
1973
3,618 ! 3,703
1973
99
1975
1975
1975
202
1974
1974
1974
190
228
2
226
1973
1973
1973
1975
3,610 i 3,695
1,185
2, 963
3, 000
1,270
2, 751
404
1,091 ! 1,196 1,163
448
(D) 1 (D) I (D) ! (D) !
332
(D)
(*)
(D)
(*)
(D)
4
25
5
5
28
19
8
8
20
8
31
27
27
29
28
94
85
86
(D)
5
9
95
8
91
103
118
76
68
116
140
122
93
91
93
(D)
16
1
1
16
15
25
13
20
30
8
1
11
12
48
49 |
53
251
4
225
5
203
116
(D)
(D)
(D)
(D)
21
40
22
42
43
(*)
(*)
(*)
(*)
(*)
5
4
107
128
123
7
24
8
21
23
99
21
25
23
25
60
34
31
59
53
8
37
7
34
40
(D)
(*)
(D)
(*)
(D)
15
73
(D)
(D)
(D)
18
2
(*)
( }
*
2
194
552
179
373
174
49
125
182
19
18
9
9
(*)
(*)
(*)
2
192
591
200
391
187
56
131
185
(*)"
(*)
(*)
2
172
608
198
410
205
60
145
182
14 ! 2,494
6
1,230
(D)
116
(D)
23
(*)
(D)
4
(D)
8
3,376
1,624
23
3,674
35
7
4,386
(*)
(D)
13
(D)
1974
2,806
1, 282
21,903
.3,702
(D)
(D)
(D)
(D)
3,284
1,766
3, 872
4, 932
(D)
(D)
3,207
1,739 i
4,010
5, 141
(D)
(D)
9
102
249
65
184
69
24
46
106
10
92
271
68
202
75
26
49
110
184
10, 815
29, 807
11,786
18,021
11,957
3, 258
8, 698
14, 256
194
10,941
31,712
12,949
18,763
12,580
3,740
8,840
15, 121
(D)
1,236
841
(D)
(D)
188
9, 809
33,470
13,476
19, 994
13,753
4,117
9, 636
15,727
12
33
10
34
21
312
37
11
28
(D)
16
(D)
1,421
(D)
3,584
3, 779
(D)
32, 209
977
1, 527
6, 943
1, 224
1,208
20, 330
1,499
(D)
3,803
4,068
(D)
34, 997
1,001
1, 545
7, 439
1,244
1, 241
22, 526
1,551
(D)
3,976
4,387
(i>) i
37, 943
1, 133
1, 574
7, 645
1, 357
1, 272
24', 961
(D)
551
624
(D)
(D)
(D)
(D)
759
459
(D)
(D)
(D)
(D)
(D)
(I))
3
9
(*)
(D)
1,034
656
52
41
537
(D)
35
9
57
93
54
42
594
(D)
36
38
11
31
9
29
19
257
32
10
83
89
20
16
D
()
21
16
D
()
93
21
23
(D)
17
(D)
15
(D)
12
34
9
31
20
281
29
11
26
D
()
16
(D)
11
9
1
496
16
13
3
721
17
14
4
647
18
14
4
695
4
4
4
4
6
6
(*)
249
(*)
275
(*)
298
33, 591
581
(D)
(D)
36, 451
93
64
300
102
65
328
175
166
380
151
86
410
159
67
470
47
14
189
53
16
207
59
19
220
9, 699
2, 207
21, 685
10, 643
2, 190
23, 618
2, 613
2, 820
2, 939
3, 477
3,618
3, 703
1, 517
1,615
139
157
162
197
216
229
81
90
2,474
2, 663
2, 777
3, 280
3, 402
3, 475
1,436
237
2,711
255
2, 918
278
3, 055
118
3, 397
129
3, 531
143
3,618
-21
1,415
555
413
3, 679
624
488
4,030
676
615
4, 346
672
642
4,712
727
767
5, 024
788
1,007
5, 413
4,633
794
4, 986
808
5, 315
818
4,873
967
5, 355
938
5,841
927
6
42
12
53
33
411
30
22
56
(D)
9
58
99
10
54
23
59
36
650
(D)
4
17
1
(D)
(D)
(*)
9
10
10
18
558
24
46
4
21
1
(D)
(D)
(*)
8
3
(*) 9
(*)
(D)
(D)
(D)
195
372
94
278
119
38
81
140
(D)
(D)
15
29
35
361
12
19
68
16
26
219
4
200
394
113
281
121
43
78
149
(D)
(D)
17
31
38
393
14
20
77
17
27
239
(D)
(*)
(*)
4
(D)
D
()
193
425
118
307
130
49
81
160
(D)
(D)
21
34
40
400
13
20
61
17
28
261
39, 514
8
7
1
390
9
8
1
418
10
9
1
456
11, 569
2, 230
25, 716
62
63
265
71
65
282
1, 697 184, 646 197, 589 206, 579
D
( )
(D)
(D)
(D)
1
2
221
19
(*)
(*)
(*)
(*)
196
4
(D)
(D)
(D)
2
1
D
( )
1
(D)
(D)
(D)
(D)
278
606
207
400
325
77
249
434
2
1
2
221
"20
(*)
(*)
(*)
(*)
196
4
(D)
(D)
(D)
3
(D)
2
(D)
(D)
336
622
216
405
346
87
259
494
294
631
215
416
366
93
272
517
(D)
(D)
(D)
20
126
195
(D)
1, 489
61
42
247
29
72
1,037
22
142
212
(u)
1,627
62
42
263
28
74
1, 159
19
143
233
(u)
1,770
62
43
280
24
76
1,286
51
29
30
1,091
298
31
33
166
39
34
140
544
161
197
28
27
9
10
11
12
13
14
15
16
17
18
19
20
21
()
(D)
(D)
(D)
135
98
218
199
17
101
126
107
239
202
20
108
121
111
244
207
19
113
22
23
24
25
26
27
28
29
30
31
32
33
14
21
5
1
(*)
15
1,284
2,722
831
1,891
762
144
618
960
13
28
12
2
(*)
14
1,375
2, 952
940
2,012
819
169
649
1,049
12
30
16
1
(*)
13
1,266
3,182
1,004
2, 179
899
187
713
1,081
34
35
36
37
38
39
40
41
42
43
44
45
46
47
139
261
137
247
176
2,681
50
146
673
86
113
1,613
143
290
161
269
187
2,935
53
148
712
92
116
1,813
147
287
176
272
199
3, 249
83
161
774
92
119
2,020
48
49
50
51
52
53
54
55
56
57
58
59
63
61
3
4,622
71
68
3
5,044
60
61
62
63
(D)
(D)
(D)
D
(D)
(D)
(D)
(D)
(D)
()
4, 126
D
( )
D
( )
4, 449
4,867
60
58
3
4, 199
79
69
308
3, 192
331
603
3, 447
338
664
3, 719
389
758
1,747
573
1,880
1, 986
556
2,080
2,180
536
2, 328
64
65
66
43
D
47
2,768
2, 920
3, 062
7,524
8,168
8,746
15, 790
17, 145
18, 208
67
11, 199
134
152
160
418
463
492
811
918
966
68
1, 525
1,605 174, 903 186, 767 195, 380
2,634
2,768
2, 902
7,106
7,704
8,254
14, 979
16, 227
17, 242
69
-21
1,503
-23 -2,461 -2,731 -2,913
1,581 172, 442 184, 036 192, 467
-88
2,546
-88
2,680
-91 -4, 013 -4, 437 -4, 796
3,458
3,267
3, 093
2,811
2, 489
17, 468
2,705
18, 932
2,908
20, 150
70
71
323
264
2,002
334
315
2, 152
362 34, 181 38, 495 41,771
392 27, 762 32, 044 40, 182
2,336 234, 385 254, 576 274, 420
529
275
3, 350
607
341
3,628
653
444
3, 908
682
937
4,712
772
1,037
5, 076
824
1,262
5,544
2, 595
2,153
22, 216
2,924
2, 569
24, 425
3, 199
3,185
26, 533
72
73
74
4, 296
466
4,602
468
4, 960
471
5,846
573
6,284
577
6,748
579
6,420
734
7,043
721
7,742
716
5,453
4,074
5, 973
4, 089
6,474
4, 098
75
76
93
9, 743
5, 479
42, 781
10, 822
5, 968
42, 655
Estimates of labor and proprietors' income by State, by industry for 1975 required conversion
of wage data from a 1972 to a 1967 Standard Industrial Classification basis for comparability
with earlier years.
1975
2,704
1,275
21,449
3, 485
3
10
(*)
3
8
(*)
(D)
(D)
8
114
232
59
172
67
21
45
99
1973
6, 433
42, 660
Details may not add to totals because of rounding.
SURVEY OF CURRENT BUSINESS
20
August 1976
Tables 16-27.—Personal Income by
[Millions
Table 16. — New Jersey
Item
Line
Table 17.— New York ' Fable 18. — Pennsylvania Table 19.— Great Lakes
Table 20.— Illinois
1973
1974
1975
1973
1974
1975
1973
1974
1975
1973
1974
1975
1973
1974
1975
J
30,411
32,617
34,041
81,937
86, 532
89, 720
46,215
50, 208
52,801
75,065
86,855
94,345
51,026
55, 183
58,349
Wage and salary disbursements. .
Other labor income ...
Proprietors income
Farm
. . _
Nonfarm
26,414
1,736
2,262
82
2,180
28 526
1,938
2, 153
86
2,067
29, 608
2,165
2,268
48
72,410
4,121
5,407
405
5,001
76, 742
4, 532
5,258
348
4,910
79,112
5,024
5, 585
261
5,323
39, 424
2,813
3,978
565
3,413
42, 997
3,178
4,032
507
3,525
44, 957
3,579
4,265
476
3,789
46,351
12, 616
16, 099
5,435
10, 664
57,414
14,172
15, 269
4,726
10, 542
61,723
15,794
16, 828
5,526
11,302
43,001
2,825
5,201
2,043
3,158
47,060
3,212
4,911
1,829
3,082
49, 220
3,580
5,549
2,225
3,325
127
30, 285
128
32, 488
94
33, 948
515
81,423
478
86, 054
405
89,316
667
45, 548
639
49, 568
622
5,831
5,222
52, 179 169, 234 181,632
6,113
88, 232
2,143
48, 883
1,943
53, 240
2,376
55,973
25,812
9, 744
5,008
12
46
98
452
426
785
926
1,241
264
116
422
220
27,506
10,420
5,262
8
45
101
482
456
847
1,018
1,326
246
113
383
238
28, 480
10,531
5,236
5
40
106
477
419
849
1,060
1,303
261
98
387
229
67,382
19, 128
10, 880
52
146
277
564
1,010
950
2,236
1,929
735
628
1,650
701
70,924
20, 182
11,695
49
148
290
584
1,101
992
2,4939
2 02
733
727
1,842
714
73, 180
20, 162
11,624
45
130
261
563
1,030
958
2, 495
2, 058
713
743
1,934
695
39, 187
16,018
10, 670
78
135
243
752
3,257
1,230
1,634
1,708
401
584
374
276
42,719
17, 544
11,958
70
141
248
813
3,799
1,414
1,864
1,816
439
640
426
286
44, 635 146, 591 157, 174 161,424
17,774 67, 342 71,316 70, 472
12, 047
( DD )
( DD)
( DD)
63
( )
( )
( )
632
608
597
124
1,024
1,025
1,057
216
2,028 2,000
1,946
820
7,738
8,543 8,213
3,766
6,778 6,448
6,585
1,389
2,030 10, 426 11,676 11,573
6,348 5,757
6,158
1,733
457 13, 079 13,112 13, 106
1,724
1,612
1,671
686
1,038
1,001
917
435
859
813
886
328
42, 077
16, 038
( DD)
( )
116
283
447
1,525
1,742
3,033
2,100
431
319
454
352
45,910 47, 762
17,497 17, 445
( DD)
( DD )
( )
( )
114
127
286
280
462
465
1,715
1,668
1,850
1,713
3,521 3,552
2,181 1,993
452
444
380
406
503
523
382
383
4,736
675
3
303
475
432
493
1,719
198
367
73
5,158
714
3
297
464
490
539
1,990
241
349
71
5, 295
743
3
284
463
456
567
2, 068
280
360
71
8,248
1,251
49
558
1,815
585
2,043
1,129
266
293
259
8,487
1,294
48
550
1,765
624
2,123
1,230
302
295
256
8,538
1,331
51
501
1,721
628
2, 173
1,267
326
295
245
5,348
1,008
55
463
940
499
727
776
344
387
150
5,587
1,073
55
460
918
532
755
857
367
424
146
5,727
1,152
51
433
873
530
807
917
422
398
143
(D)
3,848
12
(D)
756
1, 923
2, 976
2, 890
692
2,567
312
(D)
4, 198
11
(D)
760
2,053
3,137
3, 206
762
2,687
319
(D)
4,504
13
(D)
730
2,038
3, 281
3, 434
796
2,587
308
(D)
1,447
5
(D)
234
431
1,304
837
330
474
101
(D)
1,560
6
(D)
237
472
1,374
925
372
519
105
(D)
1,636
Income by place of work
1
Total labor and proprietors income
By type
3
4
5
6
--
9 99 \
By industry
8
9
10
11
12
13
14
15
16
17
18
19
20
21
23
24
25
26
27
28
'>9
30
31
32
33
34
Farm
Nonfarm
Private
Manufacturing
Durables
Ordnance and accessories
Lumber and wood products
Furniture and fixtures
Stone clay and glass products
Primary metals industries
Fabricated metal products . .
Machinery except electrical
Electrical eQuipment and supplies
Motor vehicles and equipment . . '..
Transportation exc motor vehicles
Instruments and related products
Misc. manufacturing
Nondurables
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, n.c.c.-..Leather and leather products
(D)
223
490
1,451
1,025
376
497
100
35
36
37
38
39
40
41
42
43
44
45
46
Mining
Coal mining
Oil and gas extraction
Metal mining
___ ,
Nonmetallic minerals, except fuels
Contract construction
Wholesale and retail trade
Wholesale trade
Retail trade
. . . . ,.
Finance, insurance, and real estate..
Banking
Other
46
( DD )
( )
3
42
1,926
5,187
1,971
3,215
1,463
335
1, 128
45
( DD )
( )
4
38
1,910
5,550
2, 192
3,358
1,551
382
1,169
42
( DD )
( )
5
34
1,716
5, 969
2, 353
3,615
1,683
409
1,274
140
1
47
26
66
4, 226
13,757
6,122
7,635
7, 199
2, 079
5,120
165
3
63
30
70
4,058
14,465
6, 609
7,856
7,533
2, 392
5,141
179
3
71
33
71
3, 428
14,987
6, 778
8, 209
8, 250
2, 648
5, 602
549
453
17
17
61
2, 906
7,163
2,561
4,602
2, 089
586
1,503
789
640
60
17
71
3,062
7, 729
2,878
4,851
2,211
666
1, 545
977
820
69
19
69
2, 912
8,275
3,008
5,268
2, 425
731
1,693
912
404
11!)
97
293
9, 874
26, 921
9, 881
17, 040
7, 339
1, 834
5,505
1, 197
499
262
113
323
10, 156
29, 374
11,197
18,177
7,854
2,085
5, 769
1,415
662
298
135
321
9, 786
31,130
11,612
19, 518
8,576
2, 293
6,283
322
190
40
(*)
92
3,067
8,657
3,586
5,070
2, 712
672
2,040
421
299
97
(*)
101
3,126
9, 489
4,066
5,424
2, 933
771
2,162
496
285
110
(*)
100
3,145
10, 126
4,311
5,815
3,236
858
2,378
47
Transportation, communication, electric,
gas, and sanitary services.
Railroad transportation
Trucking and warehousing
Other transportation
Communication
..
Electric, gas, and sanitary services
2, 448
2,613
2, 707
6,831
7,122
7,447
3,443
3, 695
3,814
11,502
12, 263
12,615
3, 967
4,308
4,466
48
49
50
51
52
141
838
544
538
387
145
888
588
589
404
150
867
621
652
417
449
1,041
2,340
2, 086
916
459
1,044
2, 433
2 222
"' 963
474
1,009
2, 532
2,396
1,037
642
976
422
685
719
682
1,042
462
745
764
707
1,000
483
801
824
1,945
3,718
1,308
2,443
2,087
1,970
3, 923
1,395
2, 732
2, 242
2, 042
3,738
1,489
2, 906
2, 440
771
1,123
688
781
605
807
1,195
749
910
647
835
1,158
813
945
715
53
54
55
56
57
58
59
60
61
62
Services
Hotels and other lodging places
.
Personal services
Business and repair services
Amusement and recreation
.. ...
Private households
Professional, social, and related services. ..
Other industries
Agricultural services and hunting
Forestry, fisheries and rest of world
4,894
123
260
1,248
133
157
2,974
105
98
5,311
125
263
1,367
141
161
3,254
106
99
7
5,722
140
278
1,425
159
165
3,554
109
101
8
15,872
483
687
3,540
763
596
9,803
227
185
42
17, 160
501
689
3,755
770
612
10, 833
239
193
46
18, 474
537
678
3, 820
819
628
11,992
253
203
50
6,912
247
372
1,167
198
243
4,684
107
105
2
7,571
248
383
1,266
197
250
5,228
117
114
2
8,328
299
394
1,286
246
256
5,847
129
127
3
22, 327
643
1,402
3,964
748
674
14, 896
374
366
8
24, 606 27, 003
803
700
1,487
1,448
4,343 4,580
858
775
709
692
18,
566
16, 648
427
408
419
400
9
8
7,204
240
413
1,455
247
191
4,657
111
109
2
8,016
263
428
1,590
255
196
5,285
120
118
2
8,729
111
419
1,688
251
201
5,892
120
118
4,473
893
415
3,165
4, 982
1,033
374
3,575
5,467
1,120
360
3,987
14,041
2,148
520
11,373
15, 130
2,325
534
12 272
16, 136
2, 522
534
13, 080
6,361
1,657
306
4,398
6,850
1,781
323
4,745
7,544
1,949
342
5,254
22, 643
4,046
1,273
17, 325
24, 459
4,404
1,397
18, 657
26, 808
4,771
1,433
20, 605
6,806
1,301
464
5,041
7,329
1,427
492
5,411
8,211
1,561
526
6,125
32,617
34,041
81,937
86, 532
89, 720
46, 215
50, 208
52,801 175, 065 186, 855 194, 345
51,026
55, 183
58, 349
9,738
2,453
2, 778
2,889
63
64
65
66
Government and Government enterprises. ..
Federal, civilian
Federal, military
State and local _
Derivation of personal income by place of residence
67
Total labor and properietors income by place of
work.
Less: Personal contributions for social insurance
by place of work.
30,411
68
1,687
1,907
69
70
Net labor and proprietors income by place of work
Plus: Residence adjustment
28, 725
3,349
Net labor and proprietors income by place of
residence.
Plus: Dividends, interest, and rent...
73 i Plus: Transfer payments
32, 073
5,581
4, 232
6,534
5,004
74
Personal income by place of residence
41, 886
45, 708
75
76
Per capita income (dollars)
Total population (thousands)
5,718
7,325
6,242
7,322
71
See footnotes on pp. 18 and 19.
4,203
9,435
4,717
2,489
2,793
30, 709
3,461
32, 083 77, 734 81, 943 85, 003
3,568 -4, 130 -4, 307 -4, 424
43, 726
-68
47,415
-65
49, 897 166, 586 177, 420 184, 607
485
355
388
-78
48, 574
257
52, 405
279
55, 460
293
34, 170
35, 651
43, 659
47, 350
49, 818 166, 941 177,808 185, 092
48, 831
52, 684
55, 754
34, 321
31,443
9,180
6,256
10, 137
7, 129
10,953
8,959
1,959
73, 604
4,589
77, 637
80, 579
2,904
8,479
31,681
24,915
20, 369
18, 010
7,883
7,643
8,895
8,710
49, 181 103,036 110, 784 118,958
59, 185
64, 955
70, 296 216, 837 234, 405 250, 857
64, 267
69, 950
75, 666
4,989
11,862
5,485
11,842
5,943
11, 829
6,121
5,731
40, 901 40, 978
5,750
11, 176
6,268
11, 160
C,789
11, 145
7,071
6,459
6,722
7,316
16,911
12,522
5,657
18, 214
18, 763
14, 384
6,120
18, 103
6,564
18, 122
9,655
10, 822
28, 731
21, 165
5,311
40, 824
SURVEY OF CURRENT BUSINESS
August 1976
21
Major Sources, 1973-75
of dollars]
Table 21.— Indiana
Table 22. — Michigan
Table 23.— Ohio
Table 24. — Wisconsin
Table 25. — Plains
Table 26. —Iowa
Table 27. — Kansas
Line
1973
21,793
1974
1975
1973
22, 795 23, 715 40,885
17, 534 18, 845 19,117
1,742
1,925
1,543
2,672
2,715
2,207
792
1,164
1,337
1,508
1,378
1,416
1974
1975
1973
42, 760 43, 733 44,335
34, 121 35,517
3,976
4,365
2,788
2,879
508
591
2, 279 2,288
1974
47,697
1975
1973
49, 063 17, 026
35, 913 37, 755 40, 663 41,371
4,872 3,239
3,660 4,065
3,342
2,949
3,374
3,626
684
500
806
878
2,448
2,658
2,567
2, 749
1974
1975
1973
1974
1975
1973
1974
1975
1973
1974
1975
18,419
19,485
68,019
69,433
73,596
11,960
11,932
12, 954
8,864
9,238
9,764
1
47, 667 52,487 56, 181
3,535
3,988
3,076
17,276 13, 412 13,427
7,838
12,311
8,201
5,211
4,965
5, 589
7,399
487
4,075
3,106
969
8,360
574
2,998
1,979
1,018
8,964
646
3,344
2, 253
1,091
6,047
394
2, 422
1,633
790
6,736
461
2,041
1,180
860
7, 422
529
1,813
888
925
3
4
5
6
1,254
7, 984
975
8,788
8
7, 050
2,017
1,293
12
16
19
92
42
136
260
73
117
480
29
19
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
97
28
29
30
31
32
33
34
13, 940 15, 329 16, 103
1,033
1,351
1, 193
2,053
1,897
2,031
862
708
759
1,191
1,272
1,189
9
_
1,398
20,394
878
21,917
684
1,265
586
585
22, 449 40, 299 42, 077 43, 148
17, 890
9,067
7,263
60
111
228
270
1,618
665
899
1,517
1,234
506
66
90
19, 215
9,600
7,668
54
107
232
282
1,808
697
1,015
1,472
1,330
492
79
100
19, 558 34, 934 36, 176 36,716 38,016
9, 370 18, 250 18,332 18, 083 17, 892
7,392 15, 607 15, 572 15, 250 13, 270
41
48
52
63
67
87
120
114
115
130
213
243
257
183
259
302
286
825
308
303
1,733
1,589
1,561
2,606
1,680
681
1,743
1,644
1,930
1,599
983
2,240 2,399
2, 267
2, 869
1,403
547
568
470
1,403
1,254
8,449
8,280
2,323
8,203
523
117
108
576
96
83
196
103
118
126
105
107
115
103
177
40, 845
19, 136
14,210
69
120
191
867
2, 872
2,008
3,157
1,484
2,430
613
205
193
1,804
403
1
6
80
158
285
416
115
323
16
1, 932
436
1
6
86
168
308
459
117
332
17
1,978
469
1
6
81
165
324
481
116
317
16
2,643
573
(*)
22
259
308
395
667
56
329
33
2,760
619
(*)
20
239
317
397
750
65
321
31
2,833
680
(*)
37
231
313
408
781
65
285
33
4,621
807
5
92
136
484
715
839
184
1,302
58
4,926
878
4
76
149
516
753
933
200
1,359
59
5,020
936
4
66
146
479
778
1,003
231
1,324
53
1,915
618
(*)
53
47
542
277
131
6
138
103
91
51
3
(*)
37
1,245
3,047
964
2,083
828
212
617
119
60
17
(*)
43
1,318
3, 330
1,108
2,221
891
242
649
145
82
18
(*)
45
1,275
3,540
1,155
2,386
966
262
704
163
(*)
21
84
58
2,090
5,842
2, 094
3,748
1,373
376
997
207
1
44
99
63
2, 113
6,276
2,341
3, 935
1,466
428
1,039
238
2
58
118
60
1,880
6,519
2,335
4,184
1,585
465
1,120
303
163
55
9
76
2,476
6,717
2,356
4,361
1,733
396
1,337
409
216
103
10
81
2,572
7,346
2, 679
4,668
1,810
445
1,365
496
293
111
11
80
2,488
7,821
2,787
5,033
1,961
491
1,470
1,335
1,442
1,486
2,126
2 21^
2,284
3,058
3,210
251
468
78
268
270
262
507
86
298
290
272
495
88
317
315
258
665
182
522
498
252
674
193
568
526
261
626
201
625
571
513
1,109
266
650
518
493
1,167
271
713
566
2, 241
69
173
334
2,731
100
204
387
68
95
1,877
45
45
(*)
5,011
110
309
873
162
143
3,414
78
75
3
5, 485
113
317
944
166
147
3, 797
85
82
3
6,036
150
328
973
184
151
4,250
91
88
3
5,740
159
375
1,006
90
1,514
37
37
(*)
2,473
78
180
376
62
93
1,684
41
41
(*)
2,504
507
170
1,827
2,701
549
231
1,921
2,892
564
213
2,115
5, 365
675
249
4, 442
5, 901
744
259
4, 898
6, 433
799
255
5,378
21,793
22, 795
23,715
1,001
1,117
1,137
20, 792 21,679
-55
-65
20, 748
3,128
2, 438
59
766
903
1,011
938
814
43, 569 46, 794 48, 052 16, 089 17, 605
41,623 13, 674 15, 027
6,095
18, 629
6,751
13, 608 4,180 4,651
65
40
39
115
146
162
182
86
90
102
845
108
400
2,763
468
1,892
505
580
3,114
1,385
1,583
1,311
591
644
642
2,363
697
94
580
89
98
207
97
88
170
95
8,748
8,452
60, 685 65, 143
3,216
8,745
2,103
9, 829
2,397
10,557
1,694
7,170
15,765 45, 307 50, 062 53, 397
6, 946 14,016 15, 452 15,877
4, 732 8,511
(DD)
(DD)
26
(D)
()
()
154
256
240
243
92
192
200
(D)
102
445
(D)
(D)
428
505
504
489
562
1,081
1,052
939
1,657
2,330
2,676
2,839
580
1,226
1,158
1,363
766
974
995
1,014
D
107
1,002
()
(n)
314
398
99
353
98
228
261
254
7,347
2, 619
(D)
40
48
(D)
74
114
156
748
254
64
42
8,337
3,022
1,938
35
52
45
82
130
196
894
296
84
35
26
65
8,860
3,066
1,956
38
47
45
93
118
185
1,034
191
86
32
5, 689
1,641
1,034
11
14
19
90
36
107
204
55
104
352
°4
18
6,402
1,846
1,174
12
15
19
94
44
119
261
63
98
401
28
1,084
645
(DD)
()
23
44
140
95
4
127
6
1,110
660
(DD)
()
24
39
151
92
4
125
5
608
210
(*)
(*)
32
124
85
58
69
1
672
244
(*)
(*)
28
35
133
94
67
69
1
725
261
(*)
(*)
30
35
144
101
76
76
76
(D)
58
(D)
11
472
1, 386
451
935
351
103
248
175
(D)
156
(D)
14
530
1, 551
535
1,017
380
118
262
206
(D)
183
(D)
17
557
1,720
590
1, 131
429
132
298
35
36
37
38
39
40
41
42
43
44
45
46
876 12,771
18, 609 55, 248
2,100
705
(*)
54
49
580
303
138
7
157
107
2,214
782
(*)
50
49
592
320
145
8
163
106
34
(*)
(*)
4
30
996
2, 659
882
1,778
692
178
514
40
(*)
1
4
34
1, 028
2, 933
1,004
1, 930
753
199
555
42
(*)
3,245
1,017
511
1,089
282
758
605
152
353
94
222
196
187
3,800
99
98
1
6,255
177
385
1,098
220
192
4,184
107
106
1
6,868
203
396
1,175
267
197
4,630
116
114
1
5, 553
1,257
303
3, 993
5, 949
1, 352
325
4,272
43, 733 44, 335
213
5,504
(D)
(*)
52
(DD)
()
935
624
126
374
193
D
()
2,472
(DD)
()
345
(D)
1,015
701
142
415
200
(°)
2, 599
(DD)
()
328
(D)
1, 099
742
152
437
188
49
(Du)
()
(*)
9
(D)
40
127
80
3
109
5
60
97
9-)
9
5
35
998
3, 123
1,023
2,100
828
216
612
443
32
71
(DD)
()
3, 674
10, 912
4,008
6, 904
2, 920
786
2,134
615
40
193
(DD)
()
(D)
12, 207
4, 650
7, 558
3, 126
(DD)
()
712
52
228
(DD)
()
(D)
13, 160
4, 909
8, 250
3, 461
(DD)
()
33
(D)
1
(D)
31
578
1, 743
566
1,177
454
128
326
43
4
2
(*)~
37
673
1,959
661
1, 298
496
144
351
46
5
1
(*)
39
702
2, 158
675
1, 483
546
158
389
1, 090
1,134
4, 976
5, 403
5, 735
670
747
789
683
737
801
47
157
379
97
243
213
163
370
106
261
233
1,124
1,407
719
940
787
1,174
1, 532
(D)
1. 049
(D)
1,217
1.536
(D)
1, 175
(D)
137
233
34
137
128
153
258
38
155
143
159
255
41
172
162
230
184
40
111
118
238
204
45
(DD)
()
247
215
59
(DD)
()
48
49
50
51
52
2, 132
64
132
297
67
62
1,511
49
47
2
2, 376
69
138
336
8,144
284
524
1,269
261
311
(n)
(n)
404
581
1,60*.)
310
327
(D)
(D)
(")
1,203
41
83
171
D
()
54
(D)
47
47
(*)
1,343
44
89
189
D
()
55
(»)__
55
55
(*)
1,493
51
92
204
D
()
57
(D)
61
61
(*)
1,038
23
74
155
31
46
708
42
41
(*)
1,143
27
79
170
(")
""
(D)
(D)
312
554
1,397
275
319
(n)
(Dn)
(n)
()
1,274
47
82
187
72
63
1, 699
55
53
9
2,640
74
140
357
88
65
1,917
56
54
2
31
48
789
39
39
(*)
876
44
44
(*)
53
54
55
56
57
58
59
60
61
62
6,429
1,479
347
4,603
2, 415
306
87
2,022
2, 578
332
90
2, 156
2, 843
367
92
2,384
9, 941
2,112
1,143
6,686
10, 623
2,321
1,186
7,116
11,747
2, 540
1,214
7, 993
1,398
225
52
1,120
1,493
242
55
1,196
1,697
266
57
1,374
1,482
280
328
874
1,582
318
337
927
1,739
347
335
1,056
63
64
65
66
(H)
34
49
47, 697
49,063
17, 026
18, 419
19, 485
68, 019
69, 433
73, 596
11,960
11,932
12, 954
8,864
9, 238
9, 764
67
2,092
2,131
2,175
2,424
2,508
896
1,026
1,072
3, 107
3, 600
3, 833
522
620
658
407
476
515
68
22, 577
-40
38, 930 40, 669
195
205
41,602
213
42, 160
-309
45, 273
-320
46, 554 16, 130
-284
251
17, 394
272
18", 413
285
64, 912
-500
65, 834
-512
69, 762
-528
11,438
99
11,312
116
12, 296
126
8,457
494
8,762
517
9, 249
528
69
70
21,626
22, 550
39, 125
40, 874 41,814
41,856
44, 959
46, 276
16, 381
17, 665
18. 698
64, 413
65, 322
69, 234
11,537
11,428
12, 423
8, 951
9, 278
9, 777
71
3,636
2,884
3,906
3,581
6, 019
4, 772
6,566
5,862
7,105
7,607
7,182
5, 369
7,601
6,341
8, 289
7, 955
3,221
2,331
3, 741
2,700
4, 069
3,342
11,947
8, 723
13, 827
10, 188
14, 985
12,314
2, 294
1,469
2, 751
1,704
2, 972
2,045
1,808
1,186
2,063
1,382
2,217
1,661
72
73
26, 303
28, 133
30, 023
49, 916
53, 302
56, 526
54, 402
58, 895
62,514
21,934
24, 106
26, 109
85, 083
89, 336
96, 533
15, 300
15,883
17, 440
11,945
12, 723
13, 655
74
4, 959
5,304
5, 295
5, 313
5,653
5,311
5,509
9,061
5,846
9,117
6,173
9, 157
5,063
10, 743
5, 481
10, 745
5, 810
10, 759
4,831
4,540
5,281
4, 565
5, 669
4,606
5, 115
16, 635
5, 364
16, 653
5, 785
16, 686
5, 344
2, 863
5, 561
2, 856
6,077
2, 870
5,276
2,264
5, 615
2,266
6, 023
2,267
75
76
40, 885 42, 760
1,955
SUEVEY OF CURRENT BUSINESS
22
Tables 28-39.—Personal Income by
[Millions
Table 28.— Minnesota
Table 29.— Missouri
1973
1974
1975
1973
1974
1975
16, 132
16,898
17, 655
18, 900
19,521
12, 126
744
3,263
2, 290
973
13, 319
853
2,726
1,716
1,010
14, 280
961
2,414
1,332
1,082
15, 177
1,067
2,656
1, 269
1,387
2, 369
13, 763
1,818
15, 081
1,476
16, 179
11, 469
3,673
2,164
78
88
40
91
80
254
829
311
86
62
174
72
12, 640
4, 039
2, 393
65
93
41
97
92
296
909
368
98
58
198
80
Table 30.— Nebraska
Item
Line
Table 31.— North
Dakota
Table 32.— South
Dakota
1973
1974
1975
1973
1974
1975
1973
1974
1975
20,633
6,379
6,359
7,207
3,103
2,954
2,894
2,681
2,532
2,489
16,311
1,196
2,013
665
1,348
17, 141
1,343
2, 149
702
1,447
4,132
236
2,011
1,486
525
4,628
277
1,455
889
565
4, 951
311
1, 945
1,340
605
1,415
73
1,616
1,466
150
1,600
85
1, 269
1,075
193
1,780
98
1,016
809
207
1,371
76
1,234
1,061
172
1,532
88
911
695
215
1,643
100
745
514
232
1,345
17, 554
746
18, 775
781
19, 853
1,557
4,822
975
5,384
1,421
5,786
1, 499
1,604
1, 119
1,835
850
2, 044
1, 091
1, 589
735
1, 797
552
1,936
13, 450
4,154
2,412
148
94
38
107
81
291
918
253
108
57
240
78
14, 692
4,917
3,060
41
69
69
143
186
333
414
475
687
502
68
73
15,718
5,223
3,232
39
73
70
157
222
367
(D)
501
676
3,847
879
468
13
11
26
28
11
75
96
116
24
35
92
11
4,311
980
510
5
11
24
31
17
88
113
119
29
36
25
12
4,585
1,000
503
3
12
20
31
20
76
125
111
37
31
97
11
1,124
110
55
(*)
1,333
140
76
3
1
1
D
( )
(*)
5
1,498
182
107
14
1,138
176
(D)
(D)
9
(*)
10
(*)
«)
13
12
19
78
16, 532
5,257
3, 189
34
63
68
157
243
348
(D)
506
653
D
( )
69
80
1, 322
201
(D)
(D)
10
(*)
12
(*)
10
16
14
8
4
6
1. 422
201
(D)
(n)
10
1
11
(*)
10
19
13
10
4
1,742
614
(*)
23
52
496
318
90
33
93
23
1,857
531
(*)
14
213
133
339
350
92
88
166
1,991
568
(*)
14
213
142
371
393
24
97
169
2,068
602
(*)
13
204
147
389
431
25
102
156
411
263
(*)
4
10
14
56
470
307
(*)
6
11
17
59
29
3
36
1
497
334
(*)
3
11
16
65
24
3
38
55
32
(*)
(*)
1
(*)
14
1
229
15
(*)
Income by place of work
1
Total labor and proprietors income
}
.
.. ..
By type
2
3
4
5
6
Wage and salary disbursements ..
Other labor income
Proprietors income
Farm. . Nonfarm
7
8
Farm
Nonfarm
By industry
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
.
.. .
-
.
. . __
Private
Manufacturing
Durables
_ ._.
Ordnance and accessories
Lumber and wood products
Furniture and fixtures
Stone clay and glass products
Primary metals industries
Fabricated metal products
Machinery, except electrical
Electrical equipment and supplies
Motor vehicles and equipment
Transportation exc. motor vehicles
Instruments and related products . _ _
M isc manufacturing
(D
(*) "
8
(*)
5
97
3
3
4
(*) f
9
(D)~
(*)
3
6
(D)
10
4
6
(*)
4
46
(*)
1
1
1
16
1
8
(*)
(*)
(D)
76
(*)
'(*)
6
(D)
13
1
3
3
1
(D)
88
(*)
(*)
6
(D)
14
(D)
82
(*)
(*)
6 1
(D)
16 !
(*) '
(*)
63
38
(*)
1
1
1
15
1
7
(*)
(*)
3
3
1
3
3
1 |
27
(*)
13
(*)
15
413
1,271
436
834
377
94
282
16
5
8
(D)
(D)
142
394
158
235
72
26
46
29
8
18
(D)
(D)
(D)
463
187
276
80
(D)
D
( )
37
10
24
(D)
(D)
(D)
500
190
310
93
(D)
D
( )
26
(*)
(*)
18
8
116
362
116
246
75
31
44
29
(D)
(D)
20
9
136
425
140
285
86
36
50
33
(D)
(D)
23
9
134
466
144
323
98
40
58
(D)
9
3
6
(*)
4
4
24
25
26
27
28
29
30
31
32
33
34
Nondurables
_
- Food and kindred products
Tobacco manufactures
Textile mill products
- Apparel and other textile products
Paper and allied products
Printing and publishing . .
....
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, n.e.c
Leather and leather products
1,509
532
(*)
25
60
431
262
78
29
71
20
1,646
581
(*)
25
62
470
284
86
33
82
23
35
36
37
38
39
40
41
42
43
44
45
46
Mining.
.
... . . _
....
Coal mining
Oil and gas extraction .
Metal mining. .... . . . . .
...
Nonmetallic minerals, except fuels
Contract construction
Wholesale and retail trade.
_. .
Wholesale trade
... _ _
.
Retail trade.. .
Finance, insurance, and real estate
.. .
Banking. . ... . ..
.....
Other finance, insurance, and real estate..
175
(*)
(*)
158
17
927
2,685
1,078
1,608
733
188
544
192
(*)
2
171
19
978
3,022
1,261
1,761
785
211
573
o
204
23
1,014
3,257
1,333
1,924
866
227
638
102
18
1
40
43
1,060
3,313
1,294
2, 019
924
231
693
121
92
~4
45
49
1,070
3,626
1,462
2, 165
958
257
701
134
29
5
47
52
1,105
3,787
1,541
2, 246
1,052
282
770
(*)"
13
378
1,030
345
685
312
79
233
26
(*)
11
(*)
15
409
1,161
404
757
341
89
252
47
Transportation, communication, electric,
gas, and sanitary services.
Railroad transportation.
.
Trucking and warehousing
Other transportation
Communication
Electric, gas, and sanitary services
..
1,168
1,258
1,318
1,690
1,805
1,911
487
548
582
148
162
177
130
147
157
48
49
50
51
52
253
290
247
195
183
254
318
267
217
201
264
324
276
247
207
267
489
358
318
259
270
513
399
350
273
279
499
461
385
286
174
131
25
114
42
194
147
29
130
47
201
148
33
146
53
45
31
34
30
46
37
D
( )
(D)
33
48
37
D
( )
(")
38
17
48
9
30
26
19
56
10
34
28
20
58
10
38
32
53
54
55
56
57
58
59
60
61
62
Services
Hotels and other lodging places
Personal services
Business and repair services
Amusement and recreation
Private households .
. .
Professional, social, and related services
Other industries
Agricultural services and hunting
Forestry, fisheries, and rest of world
2,068
77
113
319
66
59
1,433
40
40
1
2,320
87
120
345
74
61
1,633
47
46
1
2,566
119
125
404
86
63
1,771
47
46
1
2,633
88
174
446
96
101
1,728
53
52
(*)
2,857
93
176
484
99
104
1,901
57
56
(*)
3, 229
126
187
586
114
107
2,110
56
56
(*)
723
50
124
21
27
474
24
24
(*)
819
30
55
140
21
28
545
28
28
(*)
901
34
57
151
23
28
607
15
15
(*)
237
17
15
25
5
10
166
6
(D)
(D)
(D)
19
17
31
D
( )
10
(D)
(D)
(D)
(D)
(D)
15
18
36
D
( )
10
(D)
(D)
(D)
(D)
242
10
15
i:>
9
10
13
165
11
11
(*)
284
11
18
37
315
12
1!)
42
11
14
2,294
357
87
1,850
2,440
395
90
1,955
2 729
"'437
99
2, 193
2,862
835
305
1,721
3, 057
908
322
1,828
3, 320
985
329
2,006
975
196
156
622
1,073
215
161
697
1,202
233
168
801
480
102
139
239
502
114
142
246
546
126
146
451
116
76
259
475
12!)
267
514
145
81
289
Total labor and proprietors income by place of
work.
Less: personal contributions for social insurance
by place of work.
16, 132
16, 898
17,655
18, 900
19, 521
20, 633
6, 379
6, 359
7,207
3, 103
2, 954
2, 894
2,681
2, 532
2, 489
814
938
992
868
966
1,009
286
332
364
104
133
149
105
134
147
Net labor and proprietors income by place of
work.
Plus: Residence adjustment
15,318
15, 960
16, 663
18,031
18, 554
19, 624
6, 093
6,027
6,843
2, 999
2,821
2,745
2, 575
2, 397
2,342
-44
-43
-41
-916
-953
-980
-89
-100
-105
-49
-55
-63
5
5
6
15, 274
15,918
16, 623
17,115
17,601
18, 644
6,005
5, 927
6, 739
2, 950
2,766
2,682
2, 581
2,403
2,347
73
Net labor and proprietors income by place of
residence.
Plus: Dividends, interest, and rent
Plus: Transfer payments
2,562
2,050
2,994
2,440
3,284
2,886
3, 117
2,626
3,512
3,055
3,804
3, 796
1, 297
749
1,483
859
1,596
1,050
399
313
500
363
548
422
471
329
524
384
563
454
74
Personal income by place of residence
19, 887
21,351
22, 793
22, 858
24, 169
26, 244
8,050
8,270
9,384
3,663
3,629
3,652
3,381
3,311
3, 365
75
76
Per capita income (dollars) . . . .
Total population (thousands)
5,112
3,890
5, 469
3,904
5,807
3, 925
4, 794
4,768
5, 065
4,772
5,510
4,763
5,251
1,533
5, 379
1,537
6,087
1,542
5,768
635
5,698
637
5,737
637
4,957
682
4,860
681
4, 924
683
63
64
65
66
Government and Government enterprises
Federal, civilian
Federal, military
.
State and local
(+)
~3
33
1
97
13
195
14
13
(*)
~17
17
(*)
Derivation of personal income by place of
residence
67
68
69
70
71
See footnotes on pp. 18 and 19.
August 1976
SURVEY OF CURRENT BUSINESS
23
Major Sources, 1973-75
of dollars]
Table 33.— Southeast
Table 34.— Alabama
Table 35.— Arkansas
Table 36.— Florida
Table 37.— Georgia
Table 38.— Kentucky
Table 39.— Louisiana
Line
1973
1974
1975
1973
1974
1975
1973
1974
1975
1973
156,622 170,878 179, 522 10, 944 11,871
12,674
6,243
6,875
7,190
27,847
129,305 142, 815 150, 098
7, 944
9, 197 10, 335
19, 373 18, 866 19, 088
6,585
7,780 7,163
11,594 11,703 12, 504
8, 942
593
1, 409
593
816
9, 966
690
1,215
421
794
10,609
781
1, 284
443
841
4,360
308
1,574
1,042
532
4,875
364
1,636
1,055
580
5,153
409
1, 628
1,010
618
8,718
7,648
8,263
147,904 162, 615 171, 874
637
10, 306
466
11,405
495
12, 179
1,134
5, 109
1,147
5,728
118,292 129, 896 135, 826
37, 405 40, 655 40, 795
17, 553 19, 110 18, 734
294
255
249
1,713
1,808
1, 689
1, 532
1, 499
1, 429
1,508
(D)
(D)
1, 996
2,338 2, 298
2, 152
1, 962
2,187
2, 659
2, 210 2, 616
2,737
3,000 2, 790
976
982
909
(D)
(D)
(D)
429
357
457
466
431
445
8, 098
3, 020
1, 599
4
183
50
89
610
201
111
90
58
165
15
23
8, 961
3,346
1,782
4
190
49
99
683
224
143
104
72
169
18
27
9, 510
3, 393
1,767
6
166
49
98
675
228
141
110
75
170
23
26
4,257
1,547
889
15
176
92
47
65
90
68
171
33
40
56
34
19, 852
2, 973
729
5,155
2,544
1,834
1,353
3,538
(D)
989
(D)
21,544
3,281
(u)
5,345
2, 685
1,993
1,472
4,036
(DD)
()
373
22 061
3,534
(D)
4, 978
2,700
2, 109
1,561
4,333
(DD)
()
366
1,421
205
6
341
244
227
79
148
24
136
10
1,565
223
7
360
269
252
84
186
21
152
10
1,626
238
7
339
280
275
90
217
17
153
8
2,436
1,336
689
31
380
11,664
25, 683
8, 898
16, 785
7,441
1,761
5, 679
3,357
1,847
(D)
36
(D)
12,562
28,307
10,242
18, 065
8, 029
2,042
5, 987
4,165
2,460
(D)
40
(D)
11,469
30, 389
10,831
19, 557
8,743
2,231
6,513
106
84
7
1
14
702
1,661
584
1,077
433
117
316
144
114
13
1
16
810
1,837
680
1,157
473
136
337
11,235
12, 308
12, 988
710
1,660
2,803
2,336
2,676
1,761
1,765
3,002
2,600
3,003
1,939
1,829
2, 992
2,774
3,305
2, 089
127
178
68
185
151
21,798
1,108
1,446
3,646
23, 995
1,154
1,502
4,078
(i>)
1,687
26, 525
1,336
1,561
4,614
(I>)
(D)
1973
1974
1975
1973
30, 428 31,493
17,679
18,931
19, 586
10, 532 11,831
23, 573
1,271
3,003
818
2,184
26, 111
1,478
2, 839
818
2, 021
26, 687
1,635
3, 172
991
2,181
14, 738
872
2, 069
887
1,182
16, 056
987
1,888
781
1,107
16, 598
1,105
1,883
706
1,177
8,407
620
1,505
629
876
9,338
739
1,755
712
1,043
1, 090
6, 099
1,081
26, 766
1, 109
29, 319
1,287
30, 207
968
16,711
887
18, 045
833
18, 754
689
9, 844
4,769
1,716
986
15
192
94
51
83
96
87
190
39
36
68
37
5,006
1,675
909
17
174
80
52
67
102
84
162
40
27
71
31
21,745
3, 572
2, 086
173
120
94
236
48
279
225
383
19
400
63
45
23, 646
3, 842
2, 219
156
137
94
251
54
298
257
449
26
369
78
49
23, 843
3,858
2, 105
149
141
106
207
43
275
264
459
20
319
72
50
13, 475
4, 195
(DD)
()
196
75
153
126
175
170
139
299
262
25
49
14, 508 14, 874
4, 379
4,373
1,675
1, 699
6
3
198
199
72
63
162
161
155
147
180
170
196
193
161
155
262
265
233
228
30
30
52
52
658
190
(*)
31
81
114
56
61
22
57
47
730
210
(*)
35
84
126
63
76
24
62
50
766
222
(*)
33
83
131
67
87
27
64
52
1,486
433
31
23
177
192
280
233
16
74
27
1,624
485
32
23
183
200
304
272
19
77
29
1,753
512
30
28
183
216
319
333
20
89
25
(D)
443
(D)
923
388
289
162
170
19
101
22
2,680
477
4
959
398
316
175
198
18
114
20
214
173
16
(*)
25
831
1,994
714
1,280
527
152
375
38
2
15
6
15
333
928
279
650
248
71
177
60
3
34
7
15
382
1,049
322
727
263
83
180
69
6
37
8
18
397
1,153
344
809
288
93
196
108
(*)
17
5
85
3,073
5,383
1,704
3,678
1,939
339
1,600
135
(*)
26
6
102
3,207
5, 973
1,985
3, 989
2, 079
400
1,679
135
(*)
30
7
97
2,411
6, 149
2,008
4,140
2,222
430
1,792
70
(*)
1
1
68
1,148
3,268
1,323
1,945
979
229
750
769
820
420
462
495
2, 239
2,440
2,570
131
196
72
205
165
136
196
79
231
179
103
129
24
85
78
106
141
28
98
88
110
143
31
113
98
169
338
761
653
318
189
366
800
737
348
196
357
847
795
375
1,543
43
97
273
31
146
955
40
26
14
1,687
46
103
288
35
149
1,066
42
26
16
706
28
55
111
38
34
4
794
29
59
121
25
56
505
42
37
5
886
34
61
137
30
57
567
42
39
3
5, 239
422
282
888
319
314
3,015
193
160
33
5, 763
426
295
1,012
339
323
3, 369
206
173
33
2, 443
843
377
1,224
2,670
919
368
1,383
852
209
122
521
960
232
144
584
1,094
259
154
681
5,021
967
920
3, 134
10, 944 11,871
631
494
138
683
538
145
750
589
161
1,429
37
95
266
30
142
859
37
25
12
29,612
7, 569
6, 093
15, 950
32,720
8,384
6,540
17, 796
36, 049
9, 296
6,708
20, 044
2,209
771
357
1,081
(D)
1,643
(D)
(D)
1,730
156,622 170, 878 179, 522
(D)
54
(D)
1974
1975
12, 488 11,537
12,952
14, 198
1
9, 949
826
1,713
599
1,114
9,432
617
1,489
634
854
10, 608
718
1,626
703
923
11, 908
819
1,470
480
990
2
3
4
5
6
797
11,034
660
11, 828
685
10, 853
755
12, 197
526
13, 672
7
8
8,003
2,876
1,770
(D)
79
56
81
223
206
395
447
197
(D)
33
36
9, 034
3, 191
(DD)
()
83
54
D
()
258
222
465
453
239
(D)
42
37
9, 636
3, 129
(D
)
(D)
70
52
(D)
257
213
509
342
220
(D)
34
34
8,871 10, 047
1, 985
2,202
831
913
24
45
129
140
9
9
72
81
75
90
117
135
73
87
76
81
8
9
211
238
5
6
11
11
11,252
2,420
1,034
19
135
11
92
101
168
109
91
9
276
10
13
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
2, 697
521
4
933
395
326
186
191
21
108
14
1,105
232
160
43
159
57
127
194
30
72
30
(D)
248
176
50
166
65
137
207
55
(D)
32
(D)
273
182
27
187
76
139
210
64
(D)
29
1,153
247
(*)
5
52
200
68
374
198
6
1
1,289
269
( }
*7
~
60
9
12
"72
435
226
6
1
1,386
283
(*)
16
52
205
81
487
248
12
1
24
25
26
27
28
29
30
31
32
33
34
82
(*)
2
1
78
1,183
3,611
1,540
2,071
1,052
257
795
79
(*)
2
1
76
1,037
3,777
1,650
2,127
1,107
271
836
419
379
13
(*)
27
719
1,553
472
1,081
370
109
261
687
620
38
(*)
30
729
1,723
545
1,178
405
127
278
906
831
42
(*)
33
713
1,936
644
1,292
450
144
306
614
(D)
578
(D)
35
928
2,016
776
1,240
523
137
387
801
758
(D)
42
1,112
2,227
890
1,336
565
157
408
950
(D)
894
(D)
56
1,244
2,483
945
1,539
652
175
477
35
36
37
38
39
40
41
42
43
44
45
46
1,444
1,598
1,678
748
825
868
1,081
1,242
1,345
47
199
351
371
339
184
215
371
419
377
216
223
362
459
404
231
202
195
73
139
139
229
206
82
161
147
237
213
83
179
155
114
182
406
206
173
132
207
480
233
190
137
205
532
267
204
48
49
50
51
52
6,260
441
304
1,067
370
331
3,747
238
200
37
2,305
102
155
427
73
206
1,341
66
47
19
2, 530
111
156
474
75
212
1,502
72
52
20
2,752
138
162
519
81
217
1,634
70
49
22
1,295
1,447
1,596
(D)
(D)
(D)
1,838
73
93
370
51
156
1, 094
59
35
24
2, 094
83
96
465
63
160
1,226
64
37
27
53
54
55
56
57
58
59
60
61
62
5, 673
1,088
994
3, 590
6,364
1,223
1,027
4,115
3, 235
602
1,714
3, 536
1,006
572
1,958
3,880
1,114
586
2,180
2,150
396
336
1,418
2,419
451
361
1,607
63
64
65
66
27, 847 30, 428
31,493
17,679
18,931
12, 952 14, 198
67
1,436
918
1,030
68
12,674
6,243
6,875
7, 190
9, 222
568
651
693
307
359
375
1,348
148, 773 161,947 170,301
7,849
8, 931
1974
1,485
10, 376
11,220
11,981
5, 936
6,516
6,815
26, 498
1,958
177
188
188
17
14
17
-23
-25
150, 408 163, 791 172, 258
10, 553
11,407
12, 169
5, 953
6,530
6,832
26, 475
28, 919
30, 685 33, 122
28, 560 36, 007
1,527
1,766
1,798
2,108
1,971
2, 639
983
1,108
1, 191
1,333
1, 290
1,652
7,882
5,200
8,521
6,302
201, 153 223, 036 241,387
13, 847
15,313
16, 779
8, 043
9, 054
9, 775
39, 557
43, 742
4,346
4,740 5,055
46, 288 47, 055 47, 760
3, 905
3,546
4,284
3,575
4,643
3,614
3, 952
2, 035
4, 379
2,068
4,620
2, 116
5,107
7,745
5,406
8, 092
1,635
27,064
23,681
1,844
1975
919
28, 943 30, 058 16,761
-22
1974
1975
1973
(D)
(D)
(D)
(D)
23
23
(*)
27
27
(*)
38
38
(*)
1,669
68
89
326
46
152
987
56
33
23
1,840
434
419
988
2,000
476
466
1,058
2,192
514
465
1,213
1,982
358
309
1,314
19, 586 10,532
11,831
12,488
11,537
576
613
530
619
673
10, 035 11,255
11,875
11,007
12, 333
13, 524
69
3
6
70
1,043
17, 902 18, 544
106
176
43
71
497
113
200
45
73
115
207
55
74
-79
-84
-84
103
111
92
30, 036 16, 682
17,818
18, 459
10, 122
11,348
11,948
^
11,007
12,336
13, 530
71
2,011
2,564
2,065
1,766
2,380
2,050
2,610
2,450
72
73
74
9, 034
7, 985
2, 556
2,161
2, 923
2,656
3,137
3,455
1,583
1,749
1,845
2,103
47, 055 21,399
23, 396
25,052
13, 470
15,314
16,541
14, 838
16,766
18,591
4,441
4,818
4, 798
4,877
5,086
4, 926
4,048
3,328
4,565
3,354
4,871
3, 396
3,961
3,746
4,456
3,762
4,904
3,791
5, 638
8, 346
75
76
SUEVEY OF CURRENT BUSINESS
24
August 1976
Tables 40-51.—Personal Income by
[Millions
Table 4().— Mississippi
Table 41.— North
Carolina
Table 42. — South
Carolina
Item
Line
Table 43. — Tennessee
1973
1974
1975
1973
1974
1975
1973
1974
1975
6,523
6,897
7,078
19,061
20,352
21,237
8,819
9,758
4,904
318
1,301
758
544
5,423
367
1,107
564
542
5,698
416
963
387
576
15, 669
901
2, 491
1,216
1,275
17, 031
1,038
2,284
1,106
1,178
17, 719
1,164
2, 353
1,097
1,256
7,514
417
888
298
590
"829
5, 694
667
6, 229
469
6,60*3
1,326
17,734
1,238
19, 114
1,228
20, 008
4,466
1,681
1,032
(*)
194
120
61
21
89
96
140
15
251
10
34
4, 892
1,811
1,091
(*)
204
114
64
25
91
110
169
19
252
11
35
5,171 14, 503
1,877 I 6, 197
1,143
2, 244
(*)
(*)
181
209
117
562
66
149
25 !
70
88 !
184
105
378
157
465
99
59
340
69
55
44
30
15, 551
6,652
2,430
(*)
214
595
162
79
209
440
500
64
59
62
46
16, 130
6,470
2, 335
(*)
204
556
161
79
214
420
452
89
55
58
48
Nondurables
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products- .
Paper and allied products-- - Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, n.e.c
Leather and leather products
650
137
(*)
39
205
78
27
61
23
67
12
720
156
(*)
41
221
85
30
76
28
71
12
734
164
(*)
36
221
83
34
78
35
70
13
3,953
310
314
2,024
397
204
136
398
3
143
24
4,222
339
358
2,078
413
230
149
461
3
166
25
4,134
366
397
1,867
431
254
165
468
3
158
26
35
36
37
38
39
40
41
42
43
44
45
46
Mining
. . . _.
Coalmining.. . - . .
Oil and gas extraction
Metal mining
._ .-.
Nonmetallic minerals, except fuels
Contract construction
Wholesale and retail trade
Wholesale trade
Retail trade
Finance insurance and real estate
Banking
Other
55
(D)
44
(*)
(D)
378
929
273
656
241
72
169
86
(D)
73
'(*)
(D)
437
1,015
315
700
260
84
176
95
(D)
83
(*)
(D)
403
1,106
332
774
290
94
195
37
(*)
1
(*)
36
1,170
2,896
1,058
1,838
778
202
575
45
(*)
46
(*)
(*)
44
1,188
3,122
1, 185
1,937
838
235
603
47
Transportation, communication, electric,
gas, and sanitary services.
Railroad transportation
Trucking and warehousing
Other transportation
Communication
Electric, gas, and sanitary services
372
412
433
1,166
48
49
50
51
52
58
95
40
100
78
61
105
47
113
85
64
100
51
126
92
109
470
119
265
203
53
54
55
56
57
58
59
60
61
62
Services
_ _
_
Hotels and other lodging places
Personal services
Business and repair services
Amusement and recreation- . - Private households
Professional, social, and related services. _
Other industries
Agricultural services and hunting
Forestry, fisheries, and rest of world
781
(D)
59
107
17
91
(D)
28
20
9
839
(D)
60
116
16
94
(D)
32
21
10
928
(D)
64
131
17
96
(D)
39
25
14
2,200
63
64
65
66
Government and Government enterprises
Federal, civilian
- ..
Federal, military,. .
.. .. .
State and local
1,229
269
263
696
1,337
306
268
762
Table 44. — Virginia
1974
1975
1973
1974
1975
10,031 14,049
15,267
15, 996
17, 908
19,609
20, 833
8, 396
488
874
329
545
8,647
546
838
254
584
11,573
790
1,687
491
1,196
12,786
914
1,566
329
1,237
13, 370
1,023
1,603
286
1,317
15, 573
828
1,507
379
1,128
17, 153
955
1,501
320
1,180
18, 174
1,091
1,568
310
1,258
344
8,475
388
9, 371
326
9, 705
542
13, 508
390
14,876
340
15, 656
438
17,471
386
19, 223
367
20, 466
6,644
2, 931
( DD )
( )
100
38
110
42
89
209
135
10
29
28
33
7,304
3, 198
937
(*)
109
36
121
54
103
245
160
9
29
35
37
7,434
3, 194
918
9
103
30
117
54
106
253
142
8
30
38
35
11,297
4,442
2,040
46
121
188
191
208
280
297
343
134
112
39
80
12,434
4, 858
2, 259
47
132
189
205
248
305
368
354
163
115
48
86
12, 922
4,788
2,108
52
120
178
183
232
315
327
309
150
104
51
87
12, 289
3, 568
(D)
(D)
165
201
120
131
180
130
304
63
347
14, 299
3, 983
(D)
(D)
151
179
129
151
217
160
364
27
13, 534
3,875
(D)
(D)
168
213
133
152
207
152
333
55
357
26
31
(D)
(D)
2,261
112
3
1,218
238
157
56
419
5
50
1
2,276
118
3
1,166
244
172
58
463
5
45
1
2,402
343
13
230
380
157
183
739
12
189
157
2 599
393
14
233
400
170
200
819
11
206
154
2,680
430
16
207
387
182
204
867
13
216
158
(D)
281
195
319
206
155
146
454
(D)
93
23
(D)
317
215
335
215
163
162
506
(D)
103
24
(D)
347
228
319
203
170
177
525
(D)
96
23
20
(*)
(D)
(D)
20
715
1,331
430
901
373
93
280
20
(*)
(D)
(D)
20
636
1,425
457
968
401
101
300
74
28
1
15
30
875
2,401
960
1,441
640
165
475
111
(*)
45
1,136
3,374
1,231
2,143
907
253
653
17
(*)
(*)
(D)
(D)
614
1,210
375
835
334
79
255
36
965
2,637
1,077
1,561
697
190
507
143
77
6
21
39
927
2,857
1,114
1,743
766
210
556
203
176
(*)
2
25
1,291
2, 652
834
1,818
794
189
606
294
261
2
2
29
1,408
2 920
966
1,955
852
218
633
370
336
2
3
29
1,302
3,168
1,050
2,118
939
239
699
1,252
1,307
455
495
511
862
951
988
1,245
1,340
1,414
117
476
128
294
238
121
482
131
316
258
64
131
39
122
99
70
144
44
138
98
73
141
46
151
101
154
(D)
D
( )
207
(D)
169
386
118
232
46
174
380
131
50
236
274
305
280
150
221
294
348 |
311
166
229
299
351
352
183
184
328
60
180
1,371
61
49
12
2,394
75
188
376
64
185
1,506
61
51
10
2 829
113
198
561
75
190
1,692
63
51
12
1,053
(D
l
185
31
114
(D)
31
18
13
1,138
(D)
74
198
31
118
(D)
35
20
15
1,212
(D)
80
182
35
120
(D)
35
21
15
1,970
97
140
321
58
122
1,232
34
32
3
2, 176
102
148
353
65
125
1,384
39
36
3
2,407
123
156
384
71
128
1,545
45
42
3
2,480
125
162
428
60
162
1,543
56
46
9
2,782
132
168
486
66
167
1,764 1
62
51
10
3,057
148
170
568
81
171
1,919
66
55
11
1,438
336
272
830
3,231
494
905
1,832
3,563
551
1,012
2,000
3,878
616
1,063
2,200
1,831
357
601
873
2,067
412
675
980
2,271
462
696
1,113
2,210
639
185
1,386
2,442
717
207
1,518
2 734
827
222
1,685
5, 182
1,990
1,365
1,827
5,689
2,177
1,445
2,068
6,168
2,380
1,449
2,338
1973
Income by place of work
Total labor and proprietors income !
1
By type
2
3
4
5
6
Wage and salary disbursements
Other labor income ..
... .
Proprietors income- ._
_..
Farm
Nonfarni
. .
By industry
Farm
Nonfarm
7
8
-
.
.
..
Private
Manufacturing
Durables. _
... _
_
Ordnance and accessories
Lumber and wood products
Furniture and fixtures
.. Stone clay, and glass products
Primary metals industries
Fabricated metal products
Machinery, except electrical _ _ _ Electrical equipment and supplies
Motor vehicles and equipment
Transportation exc. motor vehicles
Instruments and related products
Misc manufacturing
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
102
3
1,172
223
145
52
366
5
38
1
19
99
380
50
35
Derivation of personal income by place of
residence
Total labor and proprietors income by place of
work.
Less: Personal contributions for social insurance
by place of work.
6,523
6, 897
7,078
19, 061
20, 352
21,237
8,819
9, 758
10, 031
14, 049
15, 267
15,996
17, 908
19, 609
20, 833
68
305
352
384
967
1,088
1,103
458
529
544
745
862
886
905
1,035
1,094
69
70
Net labor and proprietors income by place of work
Plus: Residence adjustment
6,218
45
6,544
52
6,694
58
18, 094
(*)
19,265
8
20, 133
5
8,361
126
9, 229
136
9,487
143
13, 304
-132
14, 405
-152
15,110
-159
17, 003
1,501
18,574
1,705
19, 739
1,860
71
Net labor and proprietors income by place o:
residence.
Plus: Dividends, interest, and rent
Plus ' Transfer payments
6,263
6,596
6,751
18, 095
19, 273
20, 139
8,487
9, 365
9, 630
13,172
14, 253
14,951
18, 504
20, 279
21,598
72
73
926
1,103
1,031
1,327
1,133
1,620
2,584
2,122
3,053
2,664
3,273
3,584
1,208
1,126
1,396
1,421
1,503
1,881
2,118
1,934
2,374
2, 323
2,580
2,970
2, 829
2,414
3, 227
2,893
3,533
3,602
74
Personal income by place of residence
8,292
8,955
9,504
22, 801
24, 990
26,995
10, 821
12,181
13,014
17,223
18, 949
20,501
23, 746
26, 399
28, 732
75
76
Per capita income (dollars) _ _ .
Total population (thousands)
3,579
2,317
3,837
2,334
4,052
2,346
4,300
5,302
4,649
5,375
4,952
5,451
3,972
2,724
4, 390
2,775
4,618
2,818
4,206
4, 095
4,567
4, 149
4, 895
4,188
4, 902
4,844
5,377
4, 910
5, 785
4, 967
67
See footnotes on pp. 18 and 19.
..._..
SUEVEY OF CURRENT BUSINESS
August 1976
25
Major Sources, 1973-75
of dollars]
Table 46. — Southwest
Table 45.— West
Virginia
Table 47. — Arizona
Table 48.— New
Mexico
Table 49. — Oklahoma
Table 50. — Texas
Table 51. — Rocky
Mountain
Line
1973
1974
1975
1973
1974
1975
76,280
7,752
8,529
8,804
7, 259
424
846
345
501
7, 564
475
765
219
546
316
7, 437
431
8, 098
5, 783
1,164
938
53
42
11
71
66
58
135
305
16
127
42
13
1973
1974
1975
5,479
6,107
6,719
63, 064 69,365
4,619
409
451
35
417
5,072
460
575
23
552
5,586
519
613
21
592
50, 751
3,166
9, 147
3, 938
5, 209
46
5, 434
33
6, 074
27
6, 691
4, 352
58, 712
2, 862
66, 503
4, 643
1,393
5, 215
1,585
5, 750
1,634
(D)
(D)
44
8
206
459
91
90
47
15
37
7
5
46, 372
11,029
53, 004 58, 517
12, 635 13, 738
(D)
(D)
41
13
199
376
73
59
43
14
31
5
17
(D)
(D)
43
13
206
465
82
70
49
16
36
6
17
(D)
(D)
283
170
511
585
899
1,307
1,099
242
980
223
121
(D)
52
(D)
5
32
15
37
338
15
13
12
(D)
(D)
60
(D)
5
35
19
42
408
21
18
15
(D)
53
(D)
5
35
17
39
381
17
18
15
695
666
13
(*)
16
433
786
261
525
162
54
107
892
794
81
(*)
17
426
860
307
553
171
62
110
1,137
1,034
86
(*)
17
432
967
343
624
195
68
127
2,161
495
523
559
123
103
31
95
144
126
110
33
103
152
672
27
49
83
749
28
51
99
25
33
455
7
7
(*)
(D)
72
504
(D)
575
957
837
275
(D)
63, 292
4, 298
8, 690
2,407
6,284
2,848
73, 432
(D)
(D)
141
304
(D)
545
693
1,064
1,622
1,266
285
1,089
217
140
154
308
(D)
563
735
1,187
1,841
1,211
307
1,245
234
156
(D)
(D)
1,122
1,245
(D)
73
572
(D)
675
1,283
1,131
329
(D)
(D)
71
560
(D)
633
1,138
952
321
(D)
3,292
(D)
1974
1975
1973
1974
3,680
4,164
8,845
2, 795
139
417
218
198
3,103
163
414
150
264
3, 480
188
496
212
284
307
8, 497
246
3, 105
177
3,502
6,246
1,287
1,033
63
43
11
65
78
57
146
340
18
142
51
18
6, 432
1,310
1,043
76
46
11
62
95
55
146
304
21
152
55
20
2,086
217
(D)
226
84
(*)
(*)
30
11
67
15
2
14
2
254
93
(*)
(*)
33
14
76
18
3
16
2
267
97
(*) •
(*)
32
17
79
26
2
10
3
(D)
(D)
(D)
33
(*)
4
12
37
(*)
4
16
(D)
(D)
327
(D)
385
(D)
(D)
366
9
815
1,393
419
974
463
373
(D)
(D)
354
9
711
1, 485
440
1,045
495
6,610
370
772
238
534
3,351
1975
1973
1974
1975
9,680
10,453
43,115
47,476
52,859
20, 907 23, 086 24,607
1
6, 805
443
1,598
839
759
7, 663
524
1,494
509
985
8, 370
598
1, 485
423
1,063
34, 540 39, 367
2, 214
2, 629
6,361
5, 480
1,414
2,642
3,718
4,066
43, 879
3, 037
5, 944
1,553
4, 391
16,448
899
3, 559
1,931
1,628
18, 327
1,052
3,707
1,846
1,861
19, 999
1,207
3,401
1,402
1,999
2
3
4
5
6
244
3, 920
888
7, 958
570
9, 110
482
9, 971
2, 903
1,683
40, 212 45, 793
1, 815
51,044
2,166
18, 740
2, 121
20, 965
1,681
22, 926
7
8
2,401
254
2,688
270
(D)
(D)
6,112
1,466
916
(*)
28
18
95
50
164
242
138
48
109
10
13
7, 136
1,676
1,051
(*)
32
19
101
56
195
288
146
61
125
12
16
7, 823
1,765
1,084
(*)
32
18
96
56
237
292
152
65
106
15
16
32, 391
8,183
4,563
77
196
139
326
463
668
908
630
176
729
168
83
37, 222
9, 418
5, 303
77
209
147
360
552
800
1, 165
747
201
804
151
90
41,575 14, 265
10, 393
2, 959
5,817
(D)
(D)
75
208
304
136
37
385
175
578
284
883
146
1 , 383
299
725
198
215
32
972
142
163
50
52
93
16, 109
3, 329
2,135
177
326
39
190
325
163
366
39
154
71
58
17, 530
3, 566
2, 213
121
330
38
186
352
205
430
183
41
154
110
63
9
10
11
12
13
14
15
16
17
18
19
20
22
23
550
142
(*)
16
62
22
76
20
131
76
4
625
156
(*)
12
70
24
84
33
148
93
4
681
170
(*)
19
69
24
90
39
173
94
4
3,620
736
(D)
52
400
186
415
919
691
184
(D)
4, 115
837
4,575
936
(D)
(D)
54
441
202
454
1,084
787
211
(D)
50
456
226
485
1,211
939
224
(D)
485
(*)
4
(D)
(D)
186
83
(D)
97
34
1,195
548
(*)
5
57
(D)
205
100
92
107
D
()
1,353
594
(*)
5
64
(D)
224
163
105
105
(D)
24
25
26
27
28
29
30
31
32
33
34
1
9
20
21
()
20
6
13
21
29
6
14
1
26
(D)
16
2
19
6
9
21
27
1
16
3
12
(D)
19
7
11
23
33
4
18
3
16
D
17
3
12
1
2
19
4
14
1
2
248
16
115
84
33
285
579
159
421
151
45
106
299
22
138
96
44
310
659
183
476
168
50
119
393
6
372
1
15
518
1,436
490
945
414
117
297
636
9
611
1
16
606
1,639
573
1,065
449
133
316
732
14
702
(*)
16
593
1,896
681
1,215
500
144
356
1,268
(*)
1,201
2
64
2, 966
7, 946
3, 119
4,827
2,319
516
1,804
2,023
2
1,943
1
77
3,481
8, 925
3, 655
5,270
2,488
596
1,893
2,428
2
2,340
2
85
3,834
10,014
4,072
5, 942
2,786
675
2,111
586
67
204
247
68
1,743
3, 491
1,158
2,333
978
252
726
825
96
352
291
87
1,898
3, 928
1,347
2, 581
1,040
292
749
1,004
134
435
324
112
1,816
4,300
1,486
2,814
1,170
324
846
35
36
37
38
39
40
41
42
43
44
45
46
(D)
(D)
(D)
473
519
559
255
278
306
683
763
823
3,280
3, 705
4,022
1,613
1,802
1, 952
47
639
1,272
1,283
1,326
1, 190
53
84
71
134
132
49
88
85
150
148
50
89
93
163
164
44
47
21
70
74
42
53
24
74
85
44
58
26
81
98
61
199
158
139
125
67
223
172
162
140
70
228
191
180
154
425
781
778
686
609
458
874
894
792
686
475
897
973
902
775
348
(D)
(D)
377
268
368
(D)
(D)
432
299
382
(D)
48
49
50
51
52
10, 255
(D)
653
2,088
282
524
(D)
281
244
37
11,480
(D)
690
2,371
318
537
1,344
90
73
262
41
44
835
39
38
(*)
1, 455
103
80
269
47
45
911
44
43
(*)
530
31
28
181
16
20
254
12
12
(*)
591
33
31
191
20
21
295
13
13
(*)
661
40
32
216
22
21
330
14
13
(*)
1,166
(D)
84
175
31
62
(D)
36
36
(*)
1,324
(D)
92
203
31
63
1,472
(D)
98
227
32
65
(D)
(D)
43
43
(*)
42
42
1
7,892
268
480
1,660
215
406
4,863
206
167
40
3,622
(D)
188
659
(D)
6,995
244
457
1,433
191
396
4,274
187
150
36
3,195
(D)
175
623
(D)
6, 265
221
433
1,254
183
386
3,788
163
128
35
2,817
(D)
160
545
306
265
41
1,228
86
69
239
40
43
752
35
34
1
71
1,780
78
75
3
73
2,050
91
89
3
74
2,375
99
96
3
53
54
55
56
57
58
59
60
61
62
12, 340 13,498
3,540
3,224
2,718
2,661
6, 455 7,241
14,915
3, 850
2,796
8,268
1,653
377
306
971
1,852
430
312
1,111
2,065
484
328
1,253
1,019
328
179
513
1,101
366
180
555
1,232
391
189
651
1,846
636
326
884
1,974
666
347
962
2,148
710
357
1,082
7,821
1,884
1,850
4,088
8, 570
2,078
1,879
4,614
9,469
2,265
1,922
5,282
4,475
1,384
764
2,327
4,856
1,515
779
2,562
5, 396
1,637
790
2, 969
63
64
65
66
63, 064 69, 365 76, 280
7,752
8,529
8,804
3,351
3,680
4,164
8,845
9,680
393
446
459
169
202
222
448
540
591
2,000
2,362
313
8
850
1,265
361
905
440
122
318
4,692
5, 266
5,710
130
112
34
119
163
583
1,111
1,028
1,029
940
616
1,238
1,174
1, 179
1,059
818
34
54
104
9, 190
(D)
614
1,849
269
510
(D)
D
( )
(D)
(D)
8
8
1
791
161
45
585
860
179
44
636
941
195
46
700
5,479
6,107
6,719
301
346
378
5,179
-82
5,761
-93
6,341
-127
60, 053 65,814
106
37
72, 404
241
7,359
3
8,083
3
8, 345
6
3,183
-19
3,478
-19
3,942
-18
8,397
86
9, 140
112
9,862
150
41,115
-33
5,096
5,668
6,214
60, 090 65, 920 72,646
7,362
8,086
8,351
3,163
3,459
3,923
8,483
9,252
10,012
803
1,232
945
1,381
1,048
1,605
12, 206
8,393
14, 257 15, 505
10, 049 12, 373
1,539
1,117
1,689
1,346
1,812
1,745
614
538
701
651
765
787
1,658
1,431
1,979
1,703
2,145
2,080
7,132
7, 994
8,867
80, 689 90, 227 100, 523 10,018
11,121
11,908
4,315
4,810
5,476
11,573
12, 933
14, 237
3,989
1,788
4,480
1,784
4,918
1,803
5,019
4,567
17, 669 17,976
5,152
2,158
5,355
2,224
3, 927
1,099
4, 299
1, 119
4,775
1,147
4,336
2, 669
4,823
2,681
5, 250
2,712
99"
1975
(D)
451
381
136
118
4, 586 5, 188
11, 155 12, 536
4,807
4,101
7, 054 7,729
3, 551
3,313
793
(D)
2, 519
(D)
217-440 O - 76 - 4
(D)
1974
42
(*)
4
15
(D)
21
7
17
1
2
35
(D)
8
8
1
(D)
1973
173
11
66
65
31
253
508
132
377
139
39
100
3,832
(D)
(D)
452
153
5,448
14, 054
5,377
8,678
3, 949
(D)
(D)
(D)
34
995
(D)
57, 392
3,740
8,234
2,418
5,816
1973
(D)
246
210
36
3,011
3, 551
(D)
3,876
5,487
18, 319
4,833
2,073
10, 453 43,115
47, 476 52,859
(D)
(D)
482
347
20, 907 23, 086 24, 607
67
1,011
1,190
1,295
68
45, 114
10
50, 256 19,895
8
103
21,896
8
23,312
7
69
70
41,081
45, 124
50, 359 19, 904 21,905
23,319
71
8, 394
5,307
9,889
6, 349
4,232
3,050
4,628
3, 739
72
73
54, 783 61,362
68, 903 26, 210 29, 186
31,686
74
4, 632
11,828
5,631
12, 237
5,222
5,589
5,576
5, 682
75
76
5, 106
12,017
2,603
10, 783
7,761
3,696
2,611
4,785
5, 476
SURVEY OF CURRENT BUSINESS
26
August 1976
Tables 52-63.—Personal Income by
[Millions
Table 52.— Colorado
Table 53.— Idaho
Table 54.— Montana
Table 55.— Utah
Table 56.— Wyoming
Item
Line
1973
1974
1975
1973
1974
1975
1973
1974
1975
1973
1974
1975
1973
1974
1975
10,111
11,092
11,837
2,797
3,287
3,291
2,770
2,887
3,074
3,865
4,234
4,620
1,364
1,586
1,785
8,384
432
1,294
503
791
9,203
502
1,387
521
866
9, 861
571
1,404
467
938
1, 925
112
760
526
234
2, 194
133
960
699
261
2,473
154
664
389
275
1,815
104
851
631
220
2,033
117
737
463
273
2,200
134
740
446
294
3,256
193
417
139
277
3,622
229
383
91
292
3,968
264
388
76
312
1,068
59
237
131
106
1,275
71
240
72
168
1,496
84
204
24
180
590
9, 521
609
10, 483
550
11,287
581
2, 216
773
2,514
470
2, 821
685
2,084
530
2,357
507
2,567
153
3,712
107
4, 127
95
4,525
158
1,206
102
1,484
58
1,727
7, 326
1,563
1,012
163
29
22
106
107
93
199
165
22
33
40
33
8, 092
1, 749
1,130
157
29
23
113
122
104
241
189
24
35
55
38
8, 639
1,839
1,135
105
24
20
104
136
130
280
140
24
39
93
41
1,751
441
( DD )
( )
161
3
14
16
10
10
8
1
30
(*)
3
1,996
492
280
6
171
3
16
19
10
15
10
2
25
(*)
3
2, 226
543
307
6
179
4
16
21
10
28
9
3
25
(*)
4
1,555
249
157
2
88
1
12
40
4
1,771
272
176
1
98
1
13
47
5
4
1
1
3
1
2
1,915
289
183
1
96
1
15
52
5
5
1
1
3
1
3
2,732
619
438
12
15
10
35
120
37
81
24
8
75
10
13
3,092
720
514
13
16
11
39
137
42
99
27
12
89
15
14
3,387
781
551
9
20
13
40
140
56
112
33
14
85
15
14
901
87
32
(*)
12
1
9
(*)
2
7
(*)
(*)
1
1
(*)
1,158
95
34
(*)
12
(*)
10
(*)
3
7
(*)
(*)
1,364
113
37
(*)
11
(*)
11
2
4
5
1
(*)
1
1
1
551
246
(*)
1
20
15
113
28
11
84
33
619
277
(*)
2
23
16
124
33
18
91
35
705
307
(*) 2
(D)
124
(*)
(D)
212
145
(*)
236
153
(*)
I
16
20
37
(*)
7
(*)
27
4
36
24
14
7
1
206
75
(*)
1
31
5
40
27
17
9
1
230
82
(*)
(*)
34
6
45
33
19
10
1
54
11
(*)
(D)
61
11
(*)
(D)
76
13
(*)
(D)
9
16
7
22
1
(D)
106
39
(*)
(D)
2
12
19
8
26
1
(D)
181
67
(*)
1
14
18
28
(*)
5
(*)
96
40
(*)
(D)
13
15
23
(D)
4
(*)
92
37
(*)
( DD )
( )
12
15
5
20
1
(*)
(D)
(D)
(D)
183
24
92
56
11
916
1,789
618
1,171
589
123
466
258
35
139
73
11
938
1,980
706
1,274
609
141
469
339
47
185
94
13
776
2,135
776
1,359
683
155
528
33
(*)
(*)
25
8
201
443
131
313
95
33
62
41
(*)
(*)
31
10
236
506
151
355
107
40
67
48
(*)
(*)
36
11
261
571
177
394
124
45
79
76
7
15
45
9
174
408
117
291
89
34
56
108
11
35
51
12
190
467
140
327
98
38
60
110
16
36
45
13
196
514
159
355
110
42
68
149
24
25
91
9
291
669
250
418
165
45
120
184
31
40
102
11
315
754
292
462
182
54
129
207
44
43
108
12
329
827
311
516
202
61
141
Income by place of work
Total labor and proprietors income *
1
By type
Wage and salary disbursements
Other labor income
Proprietors income
Farm
Nonfarm
3
4
5
6
-
- --
By industry
7
8
Farm
Nonfarm
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
•
--
-
Private
Manufacturing
Durables
Ordnance and accessories
Lumber and wood products
Furniture and fixtures. Stone, clay, and glass products
Primary metals industries
Fabricated metal products
Machinery, except electrical
Electrical equipment and supplies
Motor vehicles and equipment
Transportation exc. motor vehicles
Instruments and related products
Misc. manufacturing
24
25
26
27
28
29
30
31
32
33
34
--
Nondurables
Food and kindred products..
.
Tobacco manufactures
Textile mill products.
Apparel and other textile products
Paper and allied products
Printing and publishing _ . .
Chemicals and allied products
Petroleum and coal products
,
-.
Rubber and plastics products, n.e.c
Leather and leather products
26
19
132
81
13
87
36
1
(*)
4
(*),
6
3
31
1
(*)
1
(*)
4
35
1
(*)
9
5
46
1
(*)
144
12
72
29
31
162
182
43
140
39
17
22
233
19
137
34
43
218
221
58
163
45
20
25
301
28
171
40
63
255
252
62
190
52
22
29
35
36
37
38
39
40
41
42
43
44
45
46
Mining
Coal mining..
Oil and gas extraction
Metal mining
Nonmetallic minerals, except fuels
Contract construction
Wholesale and retail trade. . .
Wholesale trade
Ret ail trade
Finance, insurance , and real estate
Banking
Other
..
...
47
Transportation, communication, electric,
gas, and sanitary services.
Railroad transportation _ . ._
Trucking and warehousing
Other transportation.
..
Communication ... .
......
Electric, gas and sanitary services
752
834
897
180
201
218
226
252
269
316
353
387
139
162
182
48
49
50
51
52
88
170
157
211
126
92
186
179
239
138
96
189
196
261
156
50
(D)
(D)
38
34
53
55
12
45
37
55
57
12
52
42
89
45
17
41
34
96
52
19
47
38
99
52
20
53
44
73
104
29
63
47
75
115
36
72
55
77
122
38
82
67
48
(D)
(D)
24
27
53
(D)
(D)
28
30
55
(D)
(D)
34
37
53
54
55
56
57
58
59
60
61
62
Services
Hotels and other lodging places
Personal services
Business and repair services
Amusement and recreation
Private households
Professional, social, and related services..
Other industries
.
Agricultural services and hunting
Forestry, fisheries, and rest of world
1,500
69
84
299
60
36
951
34
33
(*)
1,684
74
91
339
62
37
1,081
39
39
(*)
1, 928
90
98
340
76
38
1,286
42
41
(*)
342
20
19
89
9
10
196
15
14
1
395
21
21
101
8
11
233
18
17
1
441
23
23
117
10
11
257
21
20
1
414
175
27
12
63
64
65
66
Government and Government enterprises
Federal, civilian
Federal, military
.
.. ._
State and local
2,195
591
500
1,105
2, 391
660
506
1,225
2,648
706
510
1,432
465
119
68
278
518
135
72
311
595
149
77
369
Total labor and proprietors income by place of 10, 111
work.
472
Less: Personal contributions for social insurance
by place of work.
Net labor and proprietors income by place of work. 9,638
-1
Plus: Residence adjustment
11,092
11,837
2,797
3,287
547
586
121
145
10, 545
(*)
11,251
1
2,676
9
Net labor and proprietors income by place of
residence.
Plus: Dividends, interest, and rent
Plus: Transfer payments
9,637
10, 545
11,252
72
73
1,831
1,209
1,994
1,416
2,160
1,756
74
Personal income by place of residence •
12, 677
13, 955
75
76
Per capita income (dollars)
Total population (thousands)
5,137
2,468
5, 549
2,515
20
•49
8
10
(D)
13
13
(*)
21
53
10
10
(D)
13
13
(*)
513
18
29
94
26
9
337
11
11
(*)
571
19
32
107
23
9
381
12
12
(*)
641
27
35
115
24
9
431
14
14
(*)
141
24
10
21
(D)
6
(D)
6
1
9
8
1
199
31
12
33
(D)
6
(D)
10
9
1
530
148
74
308
586
161
78
347
652
179
78
396
980
455
73
452
1,035
481
71
483
1,138
514
71
553
305
71
50
185
325
78
52
195
363
90
54
219
3, 291
2,770
2,887
3,074
3,865
4,234
4,620
1,364
1,586
1,785
161
135
159
172
211
244
265
73
95
111
3,142
11
3,130
10
2,635
2
2,728
2,902
-2
3,654
5
3,990
5
4,355
5
1,292
-3
1,491
-5
1,674
-8
2,686
3,153
3,140
2,633
2,726
2, 900
3,659
3,995
4,360
1,289
1,486
1,666
437
361
511
432
567
526
488
370
584
433
634
519
647
508
773
582
861
716
293
164
369
187
405
222
15,168
3,483
4,096
4,234
3,490
3,743
4,054
4,814
5,351
5, 937
1,745
2,042
2,294
5,985
2,534
4, 489
776
5,140
797
5,159
821
4,781
730
5,079
737
5,422
748
4,186
1,150
4,539
1,179
4, 923
1,206
4, 945
353
5,644
362
6,131
374
320
(D)
18
42
8
10
(D)
12
11
1
371
(D)
(D)
(Df
(D)
6
Derivation of personal income by place of residence
67
68
69
70
71
See footnotes on pp. 18 and 19.
SURVEY OF CURRENT BUSINESS
August 1976
27
Major Sources, 1973-75
of dollors]
Table 58.— California
Table 57.— Far West
Table 60.— Oregon
Table 59.— Nevada
Table 61.— Washington
Table 62.— Alaska
Table 63.— Hawaii
Line
1973
1974
1975
1973
1974
1975
1973
1974
1975
1973
1974
1975
1973
1974
1975
1973
1974
1975
1973
1974
1975
113,976 125, 203 134,474
89, 132
97,771 104, 838
2,662
2,887
3,136
8,546
9,480
9,989
13, 636
15,065
16,511
1,755
2,349
3,656
3,770
4,046
4,477
1
96, 222
5, 591
12, 163
3,478
8,685
05,811 114,085
6, 402
7,245
12, 990 13, 144
4,008 3,470
8, 982
9, 673
75, 770
4,431
8, 931
2,230
6,701
83, 109
5, 049
9, 613
2, 708
6, 905
89, 348
5,706
9, 784
2,326
7,458
2,370
104
188
49
140
2,586
120
181
33
148
2,814
136
186
25
161
6,930
429
1,186
385
801
7,667
500
1,313
470
843
8,226
564
1,199
307
892
11,152
627
1,857
814
1,043
12, 449
734
1, 882
798
1,085
13, 698
839
1,974
812
1,162
1, 596
64
95
2,147
86
117
2
9
93
115
3,408
124
125
3
122
3,356
149
266
40
997
3,633
168
244
33
212
3, 997
194
286
60
226
2
3
4
5
6
4,680
109, 296
5,483
5,158
19, 720 129,316
3, 237
85, 896
3,725
3, 959
93, 813 101,113
62
2,600
48
2, 839
41
3,095
462
8,083
547
8,933
413
9,576
919
12,717
930
14, 136
979
15, 532
2
1,753
2
2, 347
3
3,653
126
3,644
118
3,928
155
4,322
7
86, 110 94, 399 101,221
24, 864 27, 521 28, 750
(D)
(D)
(D)
(D)
(D)
(D)
2,137
2, 091
2, 129
511
499
504
835
795
866
1,330
1,379
1, 120
1,566
1,773
1,875
2, 692
2, 292
2, 831
3, 382 3,788
4,010
732
819
(D)
3,808
4,061
(D)
496
569
603
384
402
361
67,617
19, 561
13, 754
814
591
427
659
780
1,360
1,986
3,176
698
2, 499
459
304
73, 917
21,606
15, 155
882
594
439
691
913
1,531
2, 340
3,541
699
2,677
525
323
79, 039
22, 537
15, 662
836
578
429
709
938
1,582
2,462
3,757
638
2,847
550
336
2, 093
125
79
(*)
4
3
18
18
5
8
13
(D)
(D)
1
9
2, 290
137
88
(*)
4
2
17
23
6
8
15
(*)
(*)
3
9
2,483
153
98
(*)
4
3
19
25
8
11
16
(*)
(*)
2
10
6,648
2, 179
1, 669
1
911
35
44
113
104
145
121
67
82
26
19
7,330
2,385
1,813
1
922
33
48
142
122
171
150
82
95
30
20
7,779
2,443
1,841
1
913
33
48
152
131
175
150
65
116
36
21
9, 752
2, 999
(D)
(D)
584
34
73
209
96
153
72
36
887
9
30
10, 861
3, 392
(D)
(D)
617
37
80
252
115
174
83
38
],036
11
32
11,919
3,617
(D
)
(D)
635
39
90
264
155
183
88
30
1, 098
14
35
979
118
45
•(*)
36
(D)
6
(*)
1
1
(*)
(*)
1
(D)
(*)
1,483
143
57
(*)
44
(D)
7
(*)
2, 680
157
64
(*)
44
(D)
11
(*)
4
3
(*)
(*)
1
(D)
1
2,396
223
56
(*)
10
5
25
(D)
5
2
(D)
(*)
4
(D)
4
2,601
247
60
(*)
8
5
28
3
5
•>
(D)
(*)
5
(D)
4
2,843
269
65
(*)
5
4
28
4
7
6
(D)
6
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
5,807
1,841
1
122
583
429
1,052
703
503
516
56
6,451
2,071
(*)
133
634
478
1,135
808
558
568
66
6,875
2,241
(*)
134
676
492
1,196
855
654
553
73
46
14
(*)
1
1
(*)
18
10
(*)
1
(*)
49
15
(*)
1
1
D
()
19
11
(*)
2
(D)
55
16
(*)
(*)
2
510
220
(*)
19
22
124
74
27
10
13
572
243
(*)
20
23
145
83
30
11
15
2
602
255
(*)
19
24
153
89
33
10
18
2
(D)
292
(*) _
5
41
230
119
76
31
20
(D)
(D)
324
(*)
5
47
254
130
91
39
24
(D)
(D)_
355
(*)
6
47
259
140
105
46
26
(D)
73
41
(*)
(*)
(*)
18
7
4
2
1
(*)
86
46
(*)
(*)
(*)
24
8
5
93
50
(*)
(*)
(*)
24
10
5
2
167
99
(*)
(*)
20
3
29
7
8
1
1
187
112
(*)
(*)9
2
~3
30
9
9
1
1
204
125
(*)
1
21
2
33
9
10
1
1
24
25
26
27
28
29
30
31
32
33
34
421
542
2
3
278
387
25
30
121
116
5,015
5,223
15,044 16,518
5 378 6, 139
9^665 10, 379
4, 971 5,171
1,200
1,372
3,771
3,799
619
4
467
29
120
6,486
17,878
5, 486
11,392
5,657
1,504
4,153
41
(*)
(*)
29
12
271
378
88
291
114
29
84
53
(*) 2
35
15
(D)
425
104
321
119
33
86
26
(DD)
()
1
24
609
1,766
693
1,073
418
125
293
25
(DD)
()
1
23
604
1,932
727
1,205
460
129
331
24
7
(*)
3
15
814
2,295
829
1,466
645
167
478
31
8
3
17
863
2, 572
969
1 , 603
682
192
490
34
11
2
4
17
993
2,850
1,051
1,799
761
215
546
40
35
2
1
170
199
53
146
57
19
39
69
3
62
3
111
3
103
4
9
9
468
112
357
126
35
92
21
(nD)
()
1
20
547
1,595
605
989
390
107
283
413
255
74
181
69
24
45
1,091
372
119
253
92
32
60
(*)
(*)
(D)
(*)
(D)
389
578
175
403
219
44
176
(*)
(*)
(D)
(*)
(D)
416
625
188
437
244
50
194
(*)
(*)
(D)
(*)
(D)
434
684
194
490
270
55
214
35
36
37
38
39
40
41
42
43
44
45
46
9
(*)"
(*)
1
(D)
1
9
(Df
(*)
8
(D)
2,367
1
147
646
784
1,263
816
544
551
(D)
(D)
2,654
(*)
159
705
0>)
1,368
940
608
609
70
(D)
2,866
(*)
158
750
(D)
1,446
1,006
710
599
78
507
(D
)
(D)
58
163
6,647
19,312
6,900
12,411
6,119
1,503
4,616
651
(D
)
(D)
70
177
(D)
21,281
7,905
13,376
6,390
1,721
4,669
740
(D)
(D)
74
178
(D)
23, 129
8,376
14,753
7,004
1,883
5,122
8,324
8,972
9,599
6,473
6, 969
7,453
199
224
247
676
723
760
976
1 , 055
1,138
168
237
406
316
342
375
47
838
1,794
2,277
2,269
1,145
841
1,921
2,482
2,499
1,229
871
1,949
2,725
2,712
1,342
536
1,336
1,839
1,833
929
531
1,426
2,002
2,017
993
549
1,438
2,202
2,189
1,076
24
28
48
62
37
24
32
56
69
43
25
35
65
76
47
119
214
96
147
99
119
231
106
160
108
123
233
110
175
119
159
216
294
997
lo
168
232
317
253
86
174
244
348
273
100
3
24
73
50
18
3
47
104
60
23
3
138
147
88
29
(*)
32
161
85
39
(*)
34
182
86
41
(*)
37
196
96
46
48
49
50
51
52
19, 784
933
1,010
17, 404
565
19, 047
586
958
293
(D)
319
30
143
8
(DD)
(D)
()
(*)
405
31
11
150
4
4
205
46
4
42
33
116
33
16
369
31
131
41
16
820
48
(°)
(D)
190
15
9
33
3
4
126
35
785
157
274
8
209
8
8
(*)
2, 170
74
120
390
68
60
1, 457
96
60
36
31
4,018
1, 387
563
11, 706
562
516
46
1,911
67
111
332
60
58
1, 283
86
52
34
2,417
83
121
3,687
1, 269
549
10, 545
484
443
41
1,490
68
79
222
39
37
1,046
64
40
24
708
141
33
153
D
()
1,348
52
77
204
36
36
944
55
35
20
653
132
788
(D)
364
36
167
D
()
9
(DD)
(D)
()
(*)
1, 193
51
789
(D)"
22
13
(*)
9
(Df
61
(*)
3
40
18
(D)
9
9
9
(*)"
9
(*)""
(*)
(D)
(D)
1,102
1,024
1, 550
636
11,716
553
(DD)
()
1, 019
4,434
(D)
653
(DD)
(D)
()
98
4,840
(D)
670
(DD)
(D)
()
110
15, 722
522
743
3, 335
1,183
535
9,404
411
371
39
33
255
20
10
53
4
4
164
42
3
39
23, 185
5,011
3, 533
14, 641
25, 321
5, 549
3, 741
16, 031
28, 095
6,131
3,767
18, 197
18, 279
3, 874
2, 899
11,506
19, 895
4,258
3, 008
12, 628
22, 074
4, 697
3, 013
14, 363
507
114
92
301
549
123
95
331
611
138
100
373
1,435
327
61
1,048
1,602
363
76
1,163
1, 797
392
76
1, 329
2, 965
697
481
1, 786
3, 275
804
562
1,909
3, 613
904
578
2, 131
774
227
246
301
865
258
254
353
973
295
261
417
113,976 125, 203 134, 474
89, 132
97, 771 104, 838
955
3, 993
72
183
33
35
433
76
62
1, 642
109
69
40
9
18
14
4
405
26
21
5
53
54
55
56
57
58
59
60
61
62
1,248
378
449
421
1,327
404
479
444
1,480
459
514
507
63
64
65
66
104
30
16
340
17
13
4
2, 662
2,887
3,136
8,546
9, 480
9, 989
13, 636
15, 065
16,511
1,755
2, 349
3,656
3,770
4,046
4,477
67
7, 599
5, 029
5,476
5, 937
124
143
156
455
521
548
719
859
958
94
139
223
196
221
237
68
107, 649 118,204 126, 874
87
165
374
84, 104
78
92, 296
97
98, 901
145
2,538
—57
2,744
— 63
2, 980
— 69
8, 091
—85
8, 958
—89
9, 441
—74
12, 917
151
14, 207
220
15, 553
372
1,661
—80
2, 210
—226
3,433
— 604
3,574
3, 825
4,240
69
70
107,736 118,369 127, 248 84, 181
92, 392
99, 046
2,481
3,531
2, 911
8,006
8,869
9, 366
13,068
14, 427
15, 925
1,581
1, 984
2, 829
3,574
3,825
4,240
71
19, 903
17, 455
18, 253
16, 303
20, 210
20, 082
406
276
512
343
567
458
1, 499
1,254
1,763
1,544
1, 927
1, 908
2,440
2, 149
2,787
2, 547
3, 113
3,120
139
262
186
232
233
262
618
425
737
507
796
637
72
73
145, 094 162,422 178, 632 113,515 126, 948 139, 337
3,164
2,687
3, 935
10, 759
12, 176
13, 201
17, 657
19, 761
22, 158
1, 982
2,402
3,324
4,617
5, 069
5, 674
74
5, 403
26, 854
5,742
551
6,161
574
6,647
592
4,848
2, 219
5, 398
2,255
5, 769
2,288
5, 146
3, 431
5, 646
3, 500
6,247
3, 547
6, 005
330
7,037
341
9, 448
352
5,570
828
6,010
843
6, 658
852
75
76
6, 326
6, 999
23, 315
20, 738
5, 976
27, 177
25, 817
25, 567
6,481
27, 561
15, 558
13, 775
5,497
20, 652
6,089
20, 848
6,593
21, 133
to
00
CHART 2
Per Capita Personal Income, 1975
UNITED STATES $5,902
H| $6,001-9,450
$5,101-6,000
$4,050-5,100
*..
$6,658
•^...^
U.S. Department of Commerce, Bureau of Economic Analysis.
to
a
By RUSSELL B. SCHOLL
The International Investment Position of
the United States: Developments in 1975
The Bureau of Economic Analysis recently completed a benchmark survey of foreign
direct investment in the United States, and the Treasury Department completed a
survey of foreign portfolio investment in the United States. Revised 1975 universe
estimates, linked to the 1974 benchmark surveys, will be completed next year, and will
supersede the estimates in this article.
T
HE net international investment net capital outflows of $16.3 billion
position of the United States increased from the United States, less the net
$16.2 billion to $93.6 billion in 1975, inflow of $4.6 billion through unfollowing an increase of $15.5 billion in recorded transactions—the statistical
1974 (table 1). Factors accounting for discrepancy in both the capital and
the 1975 increase were net capital current accounts—equalled the $11.7
outflows of $16.3 billion recorded in the billion surplus on current account.
U.S. balance of payments and net re- However, this relationship is an acinvested earnings abroad of $6.3 billion counting identity rather than a cause
(chart 3) *; partly offsetting were net and effect relationship, since capital
valuation adjustments—for market flows and current account transactions
price and exchange rate changes—that are simultaneously determined and
increased foreign assets in the United interact through exchange rate changes
States by $6.4 billion, largely attribut- and other factors.
able to the price appreciation of
foreign-held U.S. stocks.
Changes in U.S. Assets Abroad
At the end of 1975, the value of U.S.
In 1975, U.S. assets abroad increased
assets abroad was $304.1 billion, and
$39.3 billion, virtually unchanged from
that of foreign assets in the United
States was $210.5 billion.
Relationship of capital flows to the
current account
Conceptually, the net capital flow
component of the U.S. international
investment position is the mirror image
of the balance on current account in
the U.S. balance of payments, after
adjustment for the statistical discrepancy in the payments data and
allocation of Special Drawing Rights
(SDR) by the International Monetary
Fund (IMF), if any. Thus, recorded
1. Reinvested earnings—which are not included in balance
of payments transactions—are the difference between earnings and gross dividends of incorporated affiliates. On a net
basis, they represent U.S. parents' share in retained earnings
of their foreign-incorporated affiliates less foreign parents'
share in retained earnings of their U.S.-incorporated affiliates.
the 1974 rise (table 2). However, there
were significant changes in the composition of the increase. Bank lending to
foreigners increased much less than in
1974, largely because of a net reflow of
bank funds from Japan, in contrast to
a large outflow in the previous year.
On the other hand, foreign bond issues
in the United States rose to a record
volume, in response to favorable U.S.
financial market conditions for longterm borrowing and heavy foreign—
particularly Canadian—demand for
funds. There was also a substantial,
$3.5 billion, increase in U.S. Government assets abroad. In 1974, government assets were reduced because of
special transactions with India and
Israel (excluding those transactions,
there was an increase of $2.1 billion).2
2. See "Special U.S. Government Transactions" in June
1974, SURVEY OF CURRENT BUSINESS, page 27.
NOTE.—Statistical material for this article
was prepared under the supervision of Nancy
II. Keith, with significant contributions from
Julius N. Freidlin and E. Seymour Kerber.
Table 1.—Summary of Changes in the Net International Investment Position of the United
States l
[Millions of dollars]
1971
Item (decrease ( — ))
1 Change in net international investment position
2
U S assets abroad
3
Foreign assets in the United States
4
5
6
Balance of payments capital flows, net
U S assets abroad
Foreign assets in the United States
7
8
9
Reinvested earnings, net
U.S. direct investment abroad
- - Foreign direct investment in the United States
10
11
12
1972
1973
1974
1975
-11,645
14, 023
25, 668
-6,487
20, 083
26, 570
12, 230
25, 620
13, 390
15,527
39, 652
24, 125
16, 157
39, 290
23, 133
-12,849
9, 596
22, 445
- -
-10,882
10, 245
21, 127
-2,085
16, 434
18, 519
858
33, 291
32, 433
16, 252
31, 131
14, 879
2,635
3,176
541
3,963
4,532
569
7,133
8,158
1,025
6,196
7,777
1,581
6,303
8,184
1,881
-1,430
1, 252
2, 682
433
5,307
4,874
7,182
1,028
-6, 154
8,473
-1,416
-9, 889
-6, 397
-25
6, 372
56, 135
49, 646
61,877
77, 405
93, 563
- -
Valuation and other adjustments, net
U.S. assets abroad
Foreign assets in the United States
13 Net international investment position of the United States at end of
period
- 1. Data for 1971-74 are revised; data for 1975 are preliminary.
NOTE.—Details may not add to totals because of rounding.
29
SURVEY OF CURRENT BUSINESS
30
U.S. official reserve assets
U.S. official reserve assets—consisting of gold, SDR, reserve position in
the IMF, and foreign currencies—increased $0.3 billion to $16.2 billion
(table 3). Foreign countries' drawings
of dollars from the IMF, which increased the U.S. reserve position, was
the major factor. 3
Bank claims
As previously mentioned, the absence
of lending to Japan, due to an improvement in Japan's current account payments balance, was the major factor
accounting for the slowdown of bankreported capital outflows to $13.2
billion in 1975 from $19.5 billion in
1974. Bank lending to nonpetroleum
developing countries continued strong;
many of these countries experienced
declines in export earnings (because of
the worldwide recession) in the face of
continued high import bills, especially
for petroleum. U.S. banks also moved
substantial amounts of funds to
Western Europe and to their Caribbean branches. Some of the funds that
moved to offshore branches were redeposited in the Eurodollar market and
some were lent to ultimate borrowers.
Slack domestic loan demand in the
United States provided an incentive
for U.S. banks to expand their lending
abroad last year. This situation
contrasted somewhat with that prevailing in 1974, when much of the
increase in bank lending reflected the
recycling of revenues from petroleumexporting countries to petroleumimporting countries. Outstanding U.S.
bank-reported claims on foreigners
amounted to $59.5 billion at yearend
1975; the ratio of these claims to banks'
total commercial assets rose to 6.2
percent from 5.0 percent in 1974.
Foreign securities
3. The reserve position represents unconditional drawing
rights, normally equal to a member country's IMF quota
less IMF holdings of its currency.
Foreign securities added $6.6 billion
August 1976
to U.S. assets abroad last 3Tear, up
sharply from the $0.8 billion addition
in 1974. Foreign borrowers of longterm funds raised $7.2 billion through
new bond issues in the United States.
Increased capital requirements and
higher interest rates in Canada led to a
record $3.2 billion in Canadian placements, nearly double the preceding
year's level. Canada remained the
largest single foreign borrower. However, its share of the total declined to
less than one-half from about threefourths in 1974, mainly because there
was an increase in borrowing b}T international financial institutions, particularly the World Bank which borrowed
a large amount after a 2 year absence
from U.S. bond markets. Also, Western
European and Japanese issuers were
attracted by the favorable conditions
in the U.S. bond market, placing $1.0
billion here compared with only $0.1
billion in 1974. (Bond issues \yy these
borrowers were subject to the U.S
interest equalization tax until January
CHART 3
Changes in the International Investment Position of the United States, 1971-75
Changes in
U.S. Assets Abroad
Changes in
Foreign Assets in the United States
Changes in
the Net International Investment Position
Billion $
Billion $
- 50
- 40
- 30
1971
73
74
75
1971
72
73
74
Change From Preceding Yearend
U.S. Department of Commerce, Bureau of Economic Analysis
75
1971
72
73
75
SUEVEY OF CURRENT BUSINESS
August 1976
31
Table 2.—Changes in the Net International Investment Position of the United States Reconciled With Balance of Paym ents Capital Flows
[Millions of dollars]
Lines
in
table 3
1
Changes in net international investment position of the
United States and U.S. assets abroad
1974 r
Item (decrease (— ))
Changes in net international investment position of the United
States
Balance of payments capital flows
Other changes-.
U.S. assets abroad
C apital flows
Reinvested earnings
Other changes.
3
U.S. official reserve assets
5
6
Special drawing rights .
Capital flows
Exchange rate adjustments -
..
. ..
. __
...
U.S. Government assets, other than official reserve assets
. ___
__
.
U.S. loans and other long-term assets, less repayments
C apital flows
Exchange rate adjustments 2
\aluationadjustments
.
Changes in coverage
U.S. foreign currency holdings and U.S. short-term assets
Capital flows
13
U.S. private assets _ _ .
Statistical discrepancies
Reinvested earnings.
Other changes
. .
.
Direct investments abroad
C apital flows
\aluationadjustments
. ..
15
16
17
18
39, 290
33, 291
7,777
-1,416
31, 131
8,184
-25
343
24
25
Capital flows
Other changes
27
U S Treasury securities
Capital flows
cit r t i rT •
'
28
Other
Capital flows _
-39
66
-105
75
75
-483
3,456
-366
-118
3, 463
-8
75
175
— 99
3, 525
3,460
-35
-558
-541
-16
-1
-69
3
38, 630
32, 222
- M69
35,491
27, 060
8,184
247
15, 143
37, 653
7,777
-287
14, 348
6, 307
8,184
-143
771
6, 596
1,786
2,104
-327
9
6, 025
6, 191
-216
50
Capital flows
Price changes
Exchange rate adjustments 2
-1,015
-250
— 1 322
557
571
15
446
110
U.S. claims on unaffiliated foreigners reported by U.S. non-
Other U S Government liabilities
30
U.S. liabilities reported by U.S. banks, not included elsewhere
Capital flows
Statistical discrepancies
31
Other foreign official assets
Price changes
2,748
2, 747
1
21
U.S. claims reported by U.S. banks, not included elsewhere .. 19, 494
C apital flows _
Reinvested earnings
Other changes
33
Direct investments in the United States
Capital flows _
Reinvested earnings
34
U.S. securities other than U.S. Treasury securities
35
36
37
U.S. liabilities to unafliliated foreigners reported by U.S.
nonbanking concerns
. - . .- -- —
38
39
Short-term
Capital
flows
.
Statistical discrepancies
40
925
925 !
41
13, 238
42
Long-term
Capital flows
1,183
1 183
2,351
9 351
43
44
23
Short-term.
Capital flows
18,311
18 311
10, 887
10, 887
45
Corporate stocks
Capital flows
Price changes
Long-term
Capital flows
21)
1974). At yearend 1975, the value of
U.S. holdings of foreign bonds was
$25.6 billion. U.S. holdings of foreign
corporate stocks increased $0.6 billion
to $9.6 billion in 1975, mainly re-
Corporate and other bonds
Price changes
Statistical discrepancies
384
384
Preliminary.
; Revised.
*Less than $500,000(±).
1. Reduction in official reserve assets from the public sales of gold from Government stock
icks
held by the U.S. Treasury; these demonetizations were
. . not included in changes
nges in U.S
U.S.
official reserve assets in balance of payments transactions.
2. In linos 5 and 6, represent changes in the dollar value of SDR (beginning July 1974, the
IMF values SDR on the basis of a weighted average of exchange rates for currencies of 16 member countries); in lines 9-11, 12, 16, and 17, represent changes in the dollar value of foreign
currencies as indicated by exchange market movements; in line 27 represent the amount
.. _
32
1, 309
Short-term
Capital flows
- - -
29
5
Foreign bonds
Capital flows
Price changes
Exchange rate adjustments 2
20
Foreign official assets in the United States
26
-3
474
474
Foreign assets in the United States
-53
360
466
-106
Long-term
Capital flows
1974 r
1975 P
24, 125
23, 133
32, 433
1,581
-9, 889
14, 879
1,881
6,372
Item (decrease (— ))
-53
1,300
1, 265
35
1'J
Foreign assets in the United States
Capital flows
Reinvested earnings
Other changes
607
-264
100
12
14
39, 652
208
172
36
Reserve position in the International Monetary Fund . .
Capital flows
Exchange rate adjustments -
C apitalflows.
() ther changes. . . .
9-11
16, 252
-94
C". old
Capital flows
Public sales 1
Lines
in
table 3
16, 157
858
14, 669
1, 434
71
Foreign currencies
Capital flows . _
8
15, 527
1,505
C apital flows
Other changes.
4
1975 P
Capital
- - flows
-
10, 663
6,697
10, 981
-319
6,336
361
3,972
5,433
3,278
3,282
-5
4,569
4,312
250
7
694
902
-208
864
891
-27
725
724
(*)
1,733
1,732
(*)
5,825
5,818
7
-2, 474
—2, 474
141
254
-113
2, 005
1,874
131
13, 462
16,436
21, 452
1,581
-9, 570
8,544
1,881
6,011
4,137
2,745
1,581
-189
4,319
2,437
1,881
1
-8, 955
8,731
-1,818
138
-1,955
-266
-479
-92
305
-7, 137
240
-7, 377
8,997
3,206
5,791
1,658
85
—212
-212
313
313
1,870
1,827
43
-228
-235
7
9
9
U.S. Treasury securities and other short-term liabilities
reported by U S banks
- -- 16, 613
697
U S Treasury securities
- -697
Capital flows
631
Bills and certificates
-- 66
Bonds and notes
.. - - - - -U.S. short-term liabilities reported by U.S. banks, not
included elsewhere
- ..
- - 15, 916
16, 008
Capital
flows
- -92
Statistical discrepancies
- -
-355
-355
3, 656
2,648
2,649
2, 233
416
1,008
1,008
by which the dollar countervail of the Federal Reserve pre-August 1971 Belgian and Swiss
franc commitments was increased to take account of the two U.S. dollar devaluations ol
1971 and 1973 and the Belgian franc revaluation of 1971.
3. Data have been revised from those published in "International Transactions: First
Quarter 1976," in the June 1976 SURVEY OF CURRENT BUSINESS.
NOTE.—Details may not add to totals because of rounding.
fleeting higher equity priees in foreign
stock markets.
Other private assets
Among other private U.S. assets
abroad, direct investments increased
$14.3 billion to $133.2 billion in 1975.
The rise was less than in 1974, because
the decline in net capital outflows more
than offset the increase in reinvested
earnings. Capital outflows accounted
SURVEY OF CURRENT BUSINESS
32
August 1976
Table 3.—International Investment Position of the United States at Yearend 1 ^
[Millions of dollars]
Western
Europe
Total
Line
Canada
Type of investment
1971
1972
1973
1974
1975
93,563 -40,574 -41,027
1974
1975
1
1 Net international investment position
of the United States .
56, 135
49,646
61,877
77,405
2
79,464 199, 546
25, 167
64,819 504,110
13, 151
10, 487
1, 958
14, 378
11, 652
2,166
15, 883
11,652
2,374
16, 226
11,599
2,335
465
241
552
8
1,852
5
34, 163
36, 130
38, 836
31, 774
25, 590
6,184
34, 136
28, 440
5, 696
36, 219
30, 647
5,571
2,389
1,994
2,617
3
4
5
6
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
Latin
American
Republics
and other
Western
Hemisphere
Japan
U. S . assets abroad
U.S. private assetsDirect investments abroad
Foreign securities
Bonds
Corporate stocks ... ...
U.S. claims on unaffiliated foreigners reported by U.S.
nonbanking concerns
Long-term
Short-term
U.S. claims reported by U.S.
banks, not included elsewhere
Long-term
. . _
__. .
Short-term.- _.. ..
Foreign assets in the United States
7,922
6,361
1,909
2,706
9,267
18, 869
1975
1975
1974
1975
1974
1975
805 U.813
1,106
23, 908
23,304
2,428
23,013
17,337 i8,048
1,159
48, 006
58, 091
7,034
29, 120
5,878
1,652
2,374
16, 146
11,599
2,335
1,852
2,212
1974
79, 136
4
79
(*)
(*)
1
1
2,212
80
4
79
(*)
(*)
1
1
38, 352
41,808
8,385
8, 896
230
275
619
628
8,304
9, 116
18, 832
20, 557
1,985
2,336
36, 293
33, 053
3,240
39, 818
37, 673
2,145
8,244
7,457
787
8,731
7, 998
733
227
227
272
272
596
563
34
608
589
19
8, 257
7,628
628
9, 079
8,475
604
16, 990
15, 199
1,792
18, 796
18,007
789
1,980
1,980
2,331
2,331
2,059
1,990
141
165
3
3
23
20
47
37
1,842
1,761
5
5
33, 134 150, 265 171,953 210, 584 246, 076
83, 033 90, 467 103, 675 118,819 133, 168
23, 545 27, 632 27, 792 28, 563 35, 159
15 904 17, 095 17, 766 19, 552 25, 577
7,641 10, 537 10, 026
9,582
9,011
61,769
44, 782
3,306
751
2,555
70, 161
49, 621
3, 869
1, 195
2, 674
52, 476 58, 992
28,404 31, 155
17, 741 20, 905
12,241 4, 949
5,500 5, 956
18, 249
3, 319
798
238
560
16, 708 39, 744 2,043
3,328 19, 491 22, 223
1,098 1,463 1,794
514 1,322 1,657
584
141
137
29, 174
15, 487
3,422
3,167
255
6,115
1,694
4,421
6,082
1,642
4,440
3,054
1,426
1,628
3,565
1,546
2,019
1,356
116
1,240
7, 566
1,497
6,069
10, 589
1,999
8,590
3,277
501
2,776
3,367
555
2, 812
120, 163 14,784 12,906
9,637
4,318
5,319
11,427
4,658
6,769
13, 767
5,054
8,713
16, 989
5,528
11,461
18, 298
5,912
12,386
16,919
3,647
13, 272
20, 739
5,063
15, 676
26,719
5,996
20, 732
46, 213
7,179
39, 034
59, 451
9,530
49, 921
;
123,329 149, 900 163, 290 187,414 210,547
Foreign official assets in the
52, 454
United States
44, 402
U.S. Government securities
44, 364
U.S. Treasury securities
Other
. . . ...
38
Other U.S. Government lia1,221
bilities
U.S. liabilities reported by U.S.
banks, not included elsewhere- 6,831
Other foreign official assetsOther foreign assets in the United
States
- -- 70, 875
Direct investments in the
United States
- 13,914
U.S. securities other than U.S.
Treasury securities
30, 076
Corporate and other bonds
8,647
Corporate stocks
21,429
U.S. liabilities to unaffiliated
foreigners reported "by U.S.
nonbanking concerns . - - - 9, 238
Long-term
5 303
Short-term
3,935
U.S. long-term liabilities reported by U.S. banks 758
U.S. Treasury securities and
other short-term liabilities
reported by U.S. banks
16, 889
U.S. Treasury securities
1,193
314
Bills and certificates
879
Bonds and notes
U.S. short-term liabilities reported by U.S. banks, not
15, 696
included elsewhere
63, 167
52, 906
52, 607
299
69,636
53, 777
52, 903
874
80, 298
57, 749
56, 181
1,568
86, 995
63, 182
60,750
2,432
1,604
2,758
3,482
5, 215
8,469
188
12,595
506
18, 420
647
15,946
2, 652
86, 733
110,732
45,812
jn
93, 654 107,116 123,552
1,584
!"'
49, 036
3, 727
1, 132
(7)
(7)
(7)
1,733
7
()
65
7
()
3,806
1,451
2, 355
2,658
841
1,817
3,326
928
2,398
12, 776
258
12,518
11,048 14, 984 23, 935
296 2,618 3,501
10, 752 12, 366 20, 434
7,607
2,302
5,305
10, 485
3,152
7,333
3
3
27
27
16, 960
16, 532 16, 235 20, 053
24, 098
34,787
4,606
6,107
(8)
(8)
> (7)
(7)
1,320
2,725
(8)
(6)
\ (7)
(7)
4, 606
6,107
957
720
237
371
37
334
1,234
92
1,142
4,586
378
100
37, 534 9,171 10,638
19, 686 a 7,335 6 7, 155
4,037 1,833
3,456
3,806 1,833
3,456
231
4,091
1,704
2,387
{ 0
(8)
> (7)
136
443
()
(8)
(8)
71,127 11,057 11,774
f
(?)
(7)
'
214
(7)
,
11,649 15, 380
14, 868
18, 284
22,421
26,740 i
14, 627
16, 533
4, 930
5,146
504
858
547
487
1,813
3,717
38, 766
10, 939
27, 827
36, 772
11,924
24, 848
27,817
10, 106
17,711
36, 548
9, 840
26, 708
21,221
8,448
12, 773
28, 120
8,662
11), 458
2,435
388
2,047
3, 583
509
3,074
573
151
422
731
156
575
1,943
358
1,585
2,437
330
2,107
688
41
647
1,306
146
1,160
10,714
6,223
4,491
11,712
6,521
5, 191
13, 370
6,309
7,061
13, 455 !
6,622
6,833
9, 089
4, 843
4,246
8, 376
5, 001
3, 375
561
231
330
585
284
301
715
367
348
694
397
297
1,321
444
877
1,410
497
913
1,684
424
1,260
2,390
443
1,947
925
1,152
1,161
21,460
1, 159
396
763
25, 734
958
375
583
42, 347
1,655
1,006
649
46, 003
4,303 i
3, 239
1,064
(7)
o
20, 301
24, 776
40, 692
41,700
for $6.3 billion of the increase, reinvested earnings contributed $8.2 billion,
and there was a $0.1 billion negative
valuation adjustment. The cutback in
capital outflows reflected the economic
slump last year and an estimated 3
percent reduction in capital spending
(*)
4,673
7
,
64, 920
806
t7)
^Includes U.S. gold stock.
*Less than $500,000(±).
1. Data for 1971-74 are revised; data for 1975 are preliminary.
2. Total reserve assets include increases from changes in the par value of the dollar, as
officially implemented: on May 8, 1972, the increase totaled $1,016 million, consisting of $828
million gold stock, $155 million SDR, and $33 million reserve position in IMF; on October 18,
1973, the increase was $1,436 million, consisting of $1,165 million gold stock, $217 million SDR,
and $54 million reserve position in IMF.
3. Beginning in July 1974, U.S. holdings of special drawing rights and the reserve position
include changes in the SDR based on changes in a weighted average of exchange rates for
currencies of 16 member countries of the IMF.
4. Also includes paid-in capital subscription to international financial institutions and
1975
International
organizations
and
unallocated J
70, 158
U.S. official
reserve assets.-- - _ - . 12, 167
10, 206
Gold 2
Special drawing rights 2 3
1,100
Reserve position in the Inter585
national Monetary Fund 2 3 - _ _
Foreign currencies
276
U.S. Government assets, other
than official reserve assets
U.S. loans and other long-term
assets
Repayable
in dollars 4
Other 5
U.S. Foreign currency holdings
and U.S. short-term assets
1974
1974
Other
foreign
countries
(7)
< « 14,790 s 13,806 ) (7)
(7)
/ 818,593 s 24,649
(7)
(7)
outstanding amounts of miscellaneous claims that have been settled through international
agreements to be payable to the U.S. Government over periods in excess of one year. Excludes World War 1 debts that are not being serviced.
5. Includes indebtedness that the borrower may contractually, or at its option, repay
with its currency, with a third country's currency, or by delivery of materials or transfer of
services.
6. For the most part, represents the estimated investment in shipping companies registered
primarily in Panama and Liberia.
7. Details not shown separately and included in totals in lines 25 and 32.
8. Details not shown separately are included in line 41.
NOTE.—Details may not add to totals because of rounding.
abroad by majority-owned U.S.affiliated companies in nonpetroleum
industries. Outflows to petroleum affiliates increased, partly because of continued development in the North Sea
area and the Middle East.
The increase in claims reported by
U.S. nonbanking concerns was reduced
substantially, from $3.2 billion in 1974
to $1.3 billion last year. Part of the
slowdown probably reflected the deceleration in U.S. export growth, which
reduced the need for dollar credits to
finance sales abroad. Also, the 1974
August 1976
SURVEY OF CURRENT BUSINESS
increase was unusually large because of vention sales of dollars in exchange
special transactions associated with the markets—by countries seeking to limit
fourfold rise in petroleum prices. As a the depreciation of their currencies
percentage of 1975 exports, the yearend against the U.S. dollar—exceeded net
value of outstanding long- and short- dollar purchases. As in previous years,
term claims reported by U.S. non- these assets were mainly in the form of
banking concerns was 17 percent, money market instruments held with
unchanged from 1974.
U.S. banks. The total value of foreign
official assets in the United States was
Changes in Foreign Assets in $87.0 billion at the end of 1975; about
the United States
70 percent of this consisted of U.S.
Treasury securities—mostly Treasury
The $23.1 billion increase in foreign bills—and about 18 percent consisted
assets in the United States in 1975 of other money market instruments,
was somewhat less than in the previous mainly short-term CD's.
year. Although net capital inflows were
reduced sharply from $32.4 billion to Other foreign assets
$14.9 billion, the large upward valuaForeign assets in the United States,
tion adjustment of foreign-owned U.S.
other than those identified as holdings
corporate stocks—due to the rise in
of official agencies, rose $16.4 billion,
U.S. stock prices—was nearly offsetting.
compared with $13.5 billion in 1974.
The most significant development was
Foreign official assets
the $9.0 billion increase in foreign
Of the $23.1 billion increase in foreign holdings of U.S. corporate stocks;
assets in the United States last year, almost two-thirds of the increase was
foreign official agencies accounted for accounted for by the appreciation of
$6.7 billion. By comparison, these existing holdings as a result of the
agencies increased their assets here strong stock market advance. The value
$10.7 billion in 1974. The slowdown of U.S. stocks held by foreigners, exwas attributable to a reduction in in- cluding official agencies, amounted to
flows from members of the Organization $26.7 billion at yearend.
of Petroleum Exporting Countries
Foreign assets in the form of U.S.
(OPEC). OPEC members invested corporate and other bonds were reduced
$6.9 billion of their surplus export $0.3 billion, reflecting primarily a reearnings here, down from $10.8 billion duction by the World Bank of U.S.
in 1974. However, because of a reduc- agency bond holdings in its portfolio.
tion in petroleum revenues last year, Foreign purchases of new U.S. corporate
the share of the OPEC current-account bond issues were only $0.2 billion in
surplus placed in the United States 1975; since the elimination of capital
remained at an estimated 16 percent controls in January 1974, U.S. corpoof the total. There was also a shift in rate bond placements abroad have
the OPEC investment pattern, toward been negligible.
longer-term investments—Treasury and
Foreign direct investments in the
U.S. agency bonds, long-term certifi- United States increased $4.3 billion to
cates of deposit, and corporate equi- $26.7 billion; special transactions with
ties—from short-term investments, a Middle East country more than acwhich had absorbed most of their 1974 counted for the increase (see "Foreign
placements. At yearend 1975, the value Direct Investment in the United States
of OPEC investments in the United in 1975" in this issue). Excluding that
States—including prepayments on or- special transaction, the rise in foreign
ders for military equipment—was an direct investment was less than in 1974,
estimated $20.1 billion or about 10 per- reflecting sluggish economic activity in
cent of all foreign assets in the United the United States and abroad.
States.
Other capital inflows adding to
Foreign official agencies of other foreign assets in the United States, recountries reduced their assets in the ported by U.S. banks and nonbanking
United States $0.5 billion, as net inter-
33
concerns showed a much smaller increase than in 1974, when the large rise
in petroleum prices led to an abrupt
expansion of U.S. short-term financing
for foreigners. Nonbanking concerns reported practical!}^ no change in their
liabilities to foreigners last year; in
1974, these liabilities rose $1.8 billion.
Foreign assets in the form of Treasury
bills and other short-term money
market instruments reported by U.S.
banks increased $3.7 billion last year,
compared with a $16.6 billion rise in
1974. The primary reason for the slowdown was weak domestic loan demand
in the United States, which enabled
banks to continue expanding their
assets abroad without tapping foreign
sources of funds, including those of their
branches. Much of the 1975 rise represented acquisitions of Treasury bills by
the World Bank in a restructuring of its
portfolio, as mentioned previously.
(Continued from page 15)
States with weak gains
In 10 States, income gains ranged
from one-half of 1 percent (North
Dakota) to 6% percent (Minnesota,
South Carolina, and Indiana), and
real income was down. The other States,
in ascending order of gain, were South
Dakota, Idaho, Michigan, Ohio, Mississippi, and Maine.
Sharp declines in farm income played
important roles in seven of these States
(table A). In the other three—Ohio,
Indiana, and Michigan—weak manufacturing payrolls played dominant
roles. In these three, weakness centpred
in durables; payrolls actually declined
in primary and fabricated metals and
in e l e c t r i c a l and n o n e l e c t r i c a l
machinery.
Construction payrolls were off sharply
in three of these States—South Carolina, Michigan, and Mississippi. Unemployment compensation payments rose
rapidly in four States, and at a pace
close to the national advance in one;
these States include all of those where
both manufacturing and construction
were off. Because of the weakness in
many other industries, gains in services
were well below average in four States
and close to the national average in one.
By LEONARD A. LUPO and GREGORY G. FOUCH
Foreign Direct Investment in the
United States in 1975
Revised 1974 and preliminary 1975 universe estimates in this article were prepared by
linking annual sample data to the 1959 BEA benchmark survey of the universe of foreign
direct investment in the United States. For years prior to 1974, estimates based on the
1959 benchmark survey can be obtained from articles in the February 1973 and October
1975 issues of the SURVEY OF CURRENT BUSINESS, and from Foreign Business Investment
in the United States, a 1962 supplement to the SURVEY.
BKA recently completed a 1974 benchmark survey of foreign direct investment.
Revised 1975 universe estimates, linked to this survey, will be completed next year and
will supersede the estimates here.
The 1974 benchmark survey data, and major differences in coverage and methodology
between the 1959 and 1974 benchmark surveys, were summarized in an article in the
Ma3" 1976 SURVEY. Detailed findings of the 1974 benchmark survey were published in
volume 2 of Foreign Direct Investment in the United States, the final report to the Congress
that was prepared pursuant to the Foreign Investment Study Act of 1974.
The estimates here cover only accounts of U.S. affiliates with their foreign parents, not
with other U.S. persons or unaffiliated foreign persons; accounts that cover U.S. affiliate
transactions with all persons are available only for benchmark years.
IGHLIGHTS related to foreign
H
direct investment in the United States
justed earnings, reinvested earnings,
and net capital inflows on intercompany
account to reflect the effects of the
participation. 1
In 1975, this U.S. petroleum affiliate
accounted for 40 to 50 percent of net
capital inflows, reinvested earnings,
the addition to the position, and balance
of payments income. Also, its very high
rate of return heavily influenced the
adjusted earnings rate of return for all
affiliates.
Foreign Direct Investment
Position
The foreign direct investment position—the net book value of foreign
parents' net equity in, and outstanding
loans to, U.S. affiliates—increased 19
percent in 1975, to $26.7 billion (table
1). The increase followed record 23
percent increases in both 1973 and 1974.
In the previous decade, the position
grew less than 7 percent per year
(table 2).
In 1973-75, the addition was $11.9
billion, an 80 percent increase from the
in 1975 were:
(1) The foreign direct investment
1. The participation was assumed to represent an effective
equity interest in the U.S. company. This treatment will be
position in the United States was $26.7
reviewed and perhaps revised when final agreement is
reached, between the company's U.S. owners and the host
billion at yearend 1975, up $4.3 billion
country, concerning takeover of the company's operations
in that country. Also see "U.S. Balance of Payments Develfrom yearend 1974. This addition conopments: First Quarter 1974," in the June 1974 SURVEY, p. 28.
sisted of net capital inflows of $2.4
NOTE.—W. Timberlake assisted in preparing the estimates.
billion and reinvested earnings of $1.9
billion; valuation adjustments were
Table 1.—Foreign Direct Investment Position in the United States, 1973-75
negligible.
[Millions of dollars]
(2) Adjusted earnings—the return on
Addition in 1974 r i
Addition in 1975 »
the position—were $4.0 billion, down
PosiPosiPosi$3.1 billion.
tion,
tion ,
Net
Rein- Valua- tion,
Rein- ValuaNet
yearyearTotal
tion
capital
tion
yearTotal
capital
vested
vested
(3) Income payments to foreign
end
end
inflows earn- adjustearn- adjustinflows
endments
1975 v
ings
1973
ments
ings
1974 r
parents, as entered in the U.S. balance
of payments, were $2.1 billion, down
1 26, 740
18,284 4 137
All areas
2 745
2 437
1 581
1 881
—189 22 421 4 319
$3.4 billion.
8,194
Petroleum. _ _ .
4, 649 1,330
1,151
0
5 979 2 215
1,064
664
68
598
1 11, 952
Manufacturing
8, 559 2 126
606
660
1 348
709
69 10 685 1 267
The all-industry and particularly the
Insurance and other
finance.
3,173
2, 854
0
10
285
24
315
2,864
310
-361
56
petroleum figures have been strongly
o 3, 420
Other
2,222
671
218
482
527
45
418
2 893
35
influenced since 1973 by transactions Canada .... . . .
5,146
0
4,044
886
40
4,930
272
540
305
216
-56
442
0
Petroleum
296
172
31
468
—57
67
94
12
—26
3,108
between a U.S.-incorporated petroleum
Manufacturing
0
2,430
154
536
366
155
15
2 966
141
— 13
350
Insurance and other finance
2
320
22
0
6
-50
342
8
67
5
an(
Other
1,247
8
8
0
compan}"
' the government of a
998
85
156
1 154
14
93
133
1 16, 533
Middle East host country that ob- Europe
12, 504 2 123
1 690
—210 14 627 1 906 1 107
643
798
4,324
2
Petroleum
0
3,438
276
433
295
3 871
452
176
137
8,237
tained participation in the U.S. com- Manufacturing
1
5,828 1,315
499
111
52
694
486
7 143 1 094
2, 321
0
Insurance and othei finance
2,261
-4
-80
2,181
140
143
-279
169
30
1,651
pany. The participation payment, made
0
Other
977
454
26
449
193
15
1 431
220
— 10
5,062
0
in 1973, was treated, for balance of Other
1,736 1 128
1,386
812
515
2 864 2 198
633
— 19
3,429
0
Petroleum
0
844
916
725
1 641 1 788
944
276
449
608
payments purposes, as a net capital
0
Manufacturing .
7
301
275
32
24
576
205
68
503
0
26
Insurance and other finance.
272
136
68
162
21
79
340
-33
523
11
inflow for foreign direct investment in
0
Other ..
-66
281
247
61
—45
94
308
215
the United States. In addition, for the
Revised.
P Preliminary.
years 1973-75, BEA made imputations
1. Prior to 1975, capital gains and losses were part of the valuation adjustment. Starting with 1975, these gains and losses
are in reinvested earnings for incorporated affiliates and in net capital inflows for unincorporated affiliates. For further exto balance of payments income, ad- planation, see Technical Note at the end of this article.
34
r
SURVEY OF CURRKXT BUSINESS
August 1970
Table 2.—Foreign Direct Investment Position in the United States, 1962-1975
Table 3.—Percent Distribution of Foreign
Direct Investment, 1973-75
[Millions of dollars]
1963-72
1972
.. ......
By industry:
Petroleum.
Manufacturing
Insurance and other
finance
Other
1973-75 v i
Rein- Valuation
Net
Rein- Valuation
Net
adjust- Total capital vested
Total capital vested
adjustearnings
ments
inflows
inflows earnings ments
1975 P
Total
By area:
Canada
Europe
Other
7,612
14,868
26,740
726
277
416
32
3,957
2,613
1,496
-151
2,064
5,247
302
3,466
11, 087
314
5,146
16, 533
5,062
140
584
1
91
220
-34
81
304
32
-32
60
4
560
1,815
1,583
290
1,310
1,012
260
657
579
10
— 152
—8
1,419
2,885
3,272
7,262
8,194
11, 952
185
438
61
200
124
230
9
1,641
1,563
949
901
669
611
23
52
1,943
1,365
2,911
1,422
3 173
3,420
97
6
39
—22
12
50
46
-22
87
666
271
493
58
— 241
15
Total
By area:
Canada
Europe
Other
Addition to
position in:
Average annual addition in:
Position at yearend:
1962
35
(*)
158
1972 1975 P
1973
1974
1975 *
100.0
100.0
100.0
100.0
100.0
16.9
41.5
41 6
21.4
51.3
27 3
5.0
44.1
50 9
23.3
74.6
21
19.3
61.8
18 9
40.3
38.0
32.2
51.4
51.3
29.3
22.0
48.8
30.6
44.7
—1 7
23.4
.2
16.2
7.2
12.2
19.6
9.6
11.9
12.8
-
By industry:
Petroleum
Manufacturing
Insurance and other
finance
Other
Position at
yearend:
1
p Preliminary.
"Less than $500,000 (±).
1. See table 1, footnote 1.
Table 4.—Net Capital Inflows for Foreign Direct Investment in the United States, 1973-75
[Millions of dollars; outflows (—)]
All industries
Equity investment
475
678
574
319
295
176
183
227
193
598
897
463
-50
-46
— 12
347
533
593
319
294
176
183
226
192
49
152
195
0
0
0
15
167
414
52
125
254
49
125
176
326
360
76
-46
-11
266
87
174
49
148
34
100
16
223
384
192
-47
(*)
-1
67
279
5
218
20
-83
100
1
0
105
91
62
0
0
0
117
159
0
1
1
0
i
1
6
69
20
0
0
0
10
-14
-12
Japan:
1973. _
1974'.
1975 ?'
159
368
104
281
270
0
0
184
-122
98
0
0
0
0
0
0
Other:
1973
1974'
1975 P
849
356
.... 1,018
0
336
353
976
782
276
944
511
0
0
513
42
(*)
(*)
0
(*)
(*)
(*)
0
0
0
452
354
351
7
128
109
138
3
15
5
0
0
0
47
52
1
290
14
8
253
28
40
0
0
0
37
-14
-33
425
471
307
211
315
285
66
202
101
'i,
46
0
—9
0
90
r<i
50
67
6
0
(*)
27
366
-13
136
67
-16
679
777
594
359
411
226
(
15
367
366
373
118
169
143
51
160 '
3
0
0
0
67
9
140
18
449
193
116
259
123
-3
-45
-6
-95
236
136
67
-16
486
526
584
256
280
159
— 47
(*)
—5
276
247
430
95 !
207
133
46
147
1
0
0
0
49
61
132
-4
358
151
113
244
111
-3
-45
—6
-114
159
46
3
0
0
18
0
0
0
10
167
285
2
18
30
0
15
0
0
0
0
o
30
(*)
10
21
0
12
78
10
167
303
0
0
0
15
48
-11
400
68
70
173
53
8
0
(*)
-4
227
15
66
62
67
87
16
73
1 '
0
0
0
46
-7
86
79
119
103
134
51
118
11)
-83
76
83
133
40
65
79
31
123
15
30
58
0
0
0
0
1
65
15
-83
228
53
10
98
211
0
—1
0
0
0
202
180
1
100
102
107
-53
18
5
49
5
13
2
0
0
0
13
54
0
0
0
-47
3
63
4
0
—9
70
<)
3
58
13
0
0
0
-12
13
-4
6
-43 i
— 39 |
0
0
0
0
0
6
-43
-39
0
0
0
38
205
20
189
.30
0
0
0
31
16
—9
15 !
44
76
12 !
26 :
93 |
0
0
0
3
19
-18
271
276
944
4
(*)
4
0
0
0
1
-1
27
35
61
0
9
(*)
(*)
(*)
1
i—OO
'Revised.
^Preliminary.
*Less than $500,000 (±)
1. See table 1, footnote 1.
2. Relates only to incorporated affiliates and consists of: (1) capital inflows to establish or
acquire a company in the United States and to acquire additional shares in, or make capital
contributions to. existing U.S. affiliates; and (2) capitalization of intercompany accounts.
578
418
482
-47
—9
—5
19
41
-60
OOO
1975 T
1,044
Netherlands:
1973
63
1974 •-...- . 320
1975?'
608
United
Kingdom:
1973 . - 589
1974402
1975 P
239
Other:
1973
243
1974'663
1975 P
196
Switzerland:
1973
222
1974 '
250
1975 v
55
Other Western
Europe:
1973
16
1974'
55
1975 P
8
145
113
184
-3
-45
0
369
886
304
427
748
403 1,348
868
606
(
1
-50
-46
-12
1i
895
1,385
0
81
3
t-> 00 O
708
1,057
545
19
94
-57
i
1,133
1,690
1,107
130
188
-150
O 00 O
0
-57
0
>->OO
256
410
94
693
309
196
OOO
_
386
,540
-56
1,125 1,120
1,097
664
1,498 1,064
1
r____
-50
-103
-12
^OO
1974
1,581
1,751
951
OOO
Europe:
1973
1974 '
1975 P
European
Communites
(9):
1973
2,656
2,745
2,437
OOO
Canada:
1973 _.
1974 '
1975 P
InterInterment
Interment
InterInterment
ment
comcomcomcomcompany acpany ac- Total
pany ac- Total
pany ac- Total
pany ac- Total
Acqui- Liqui- counts *
Acqui- Liqui- counts ^
Liqui- counts *
Acqui- Liqui- counts 4
Acqui- Liqui- counts 4
dasidadasidasidasitions 2 tions 3
tions 3
tions 2 tions 3
tions - tions 3
tions 2 tions 3
OOO
All areas:
1973
1974'
1975 P .
Acquisitions 2
Equity invest-
Equity invest-
Equity invest-
Equity invest-
Other
Insurance and other finance
OOO
Total
Manufacturing
Petroleum
3
1
-47
0
(*)
0 :
2 !
0
(*)
0
0
7
34
61
(*)
*:
-:
-45
(*}
21
— °2
30
32
(j9
°0
130
—6
3
5
0
0
0
2
60
-1
19
28
38
3
11
7
0
0
0
16
16
31
234
-90
83
67
147
0
0
150
-157
125
36
44
9
(*)
(*)
40
0
0
0
36
-44
-31
(*)
3. Consist of partial and total liquidations of equity holdings in incorporated U.S. affiliates
by foreiern parents.
'4. Consists of net changes in intercompany accounts of incorporated U.S. affiliates with
their foreign parents pins net capital inflows to unincorporated U.S. affiliates from thenforeign parents.
SURVEY OF CUEEENT BUSINESS
36
August 1976
yearend 1972 position. This expansion leum-exporting countries, held 19 per- Table 6.—Adjusted Earnings Return on
Foreign Direct Investment in the United
occurred even though the U.S. econ- cent at yearend 1975, compared with
States, 1974 and 1975 1
omy moved into the most severe reces- 2 percent at yearend 1972. By industry,
Millions
Percent rate
sion since World War II. The expansion U.S. petroleum affiliates accounted
of dollars
of return
was probably attributable to a lower for 31 percent of the yearend 1975
1974 r
1975P 1974 r 1975P
inflation rate than in most other lead- position (compared with 22 percent
ing countries; the cumulative effects at yearend 1972), manufacturing for
All areas. .
7,076 4,008
34.8
16.3
Petroleum
5,471 2,365 103.0
33.4
of the devaluations of the dollar since 45 percent (49 percent), insurance and
Manufacturing
1,057
968
11.0
8.6
Insurance and other
1971, which helped reduce U.S. pro- other finance for 12 percent (20 perfinance
247
510
8.6
16.9
Other
301
166
11.8
5.3
duction costs relative to those abroad; cent), and other industries, mainly
Canada
403
453
9.0
9.0
attractive (low) U.S. equity prices, trade and real estate, for 13 percent
Petroleum.
24
47
6.3
10.3
Manufacturing
208
7.7
6.9
208
which facilitated foreign takeover bids; (10 percent).
Insurance and other finance
8
2.4
23.4
81
Other
163
15.2
118
9.8
and U.S. political and social stability,
The proportion of the position
.
1,225
1,539
9.0
9.9
in contrast to conditions abroad.
financed by net capital inflows (rather Europe.
Petroleum
._
251
391
6.9
9.5
Manufacturing
768
739
9.6
11.8
The area and industry distribution than by reinvested earnings) was much
Insurance and other finance.
132
5.9
13.6
305
Other .
74
6.1
6.7
103
higher
in
1973-75
than
in
the
previous
of the additions to the position varied
Other
5,448 2,016 236.9
50.9
considerably from year to year. How- decade, as the increase in additions to
Petroleum
5,196 1,927 406.6
76.0
Manufacturing.
80
21
3.4
18.3
ever, in 1973-75, the share of additions the position outpaced the increase in
Insurance and other finance _
107
29.4
124
34.9
Other _
65
23.4
-56
()
accounted for by Canada and the reinvested earnings. Affiliates probably
United Kingdom decreased, while the required infusions of additional capital
Revised.
P Preliminary.
These estimates are affected by the change in treatment
share accounted for by continental from foreign parents to establish or to of 1.capital
gains and losses starting with 1975. For an explanaof the change, see Technical Note at the end of this
Europe and by "other" areas in- acquire other U.S. companies; to the tion
article.
2. Adjusted earnings divided by average of beginning- and
creased (table 3). By industry, the extent that foreign parents recently end-of-year direct investment positions.
share of additions of U.S. petroleum established or acquired young U.S. 3. Percentage not meaningful.
and finance and insurance affiliates affiliates with little or no earnings to
increased, while that of U.S. manu- reinvest, the affiliates placed greater
facturing affiliates decreased.
reliance on financing from foreign
intercompany account balances between
As a result, by yearend 1975, the parents.
U.S. affiliates and their foreign parents.
distribution of the position differed
Net equity investment was $0.9 bilNet
Capital
Inflows
markedly from that at yearend 1972.
lion, down $0.7 billion. Existing U.S.
Net capital inflows supplied $2.4
By area, the shares of the position
affiliates accounted for 80 percent of
billion
(56 percent) of the 1975 addition
held by Europe and Canada declined
this investment. The establishment of
to 62 and 19 percent, respectively, (table 4). These inflows consists of net new companies or the takeover of
from 75 and 23 percent. All other areas equity investment—acquisitions less previously unaffiliated companies accombined, including the major petro- liquidations of equity—plus changes in counted for the remaining 20 percent,
2
3
r
Table 5.—Dividend Payout Ratios of Incorporated U.S. Affiliates, 1974-75
[Millions of dollars or ratio]
Earnings i
All areas
Petroleum
M anuf acturing
Insurance and other finance ..
Other
Canada
Petroleum
Manufacturing
Insurance and other finance
Other
-
.-- -
Europe
PetroleuniM anuf acturing
Insurance and other finance
Other
Other
Petroleum
Manufacturing.
_
Insurance and other finance
Other
_
_ _ _
Payout ratio (gross
dividends/earnings)
1975 P
1974 »•
Gross
dividends
Earnings
J
Gross
dividends
1974 r
1975 P
6,832
5,474
991
78
288
5,251
4,877
282
22
71
3,461
2,374
906
42
140
1,580
1,222
245
18
95
0.77
.89
.28
.28
.25
0.46
.51
.27
.43
.68
400
26
207
5
162
95
14
52
114
19
62
29
386
50
216
2
119
34
.24
.55
.25
.07
.18
.30
.37
.29
.15
.28
1,022
252
706
51
13
379
115
220
20
23
1,133
397
672
12
52
335
120
173
16
26
.37
.46
.31
.40
1.78
.30
.30
.26
1. 29
.50
5,410
5,196
78
23
113
4,777
4,747
10
2
19
1,942
1, 927
18
28
-32
1,130
1,083
11
2
35
.88
.91
.12
.07
.17
.58
.56
.59
.07
(*)
(*)
(2)
r
Revised.
* Preliminary.
* Less than $500,000 (±).
1. This item is affected by the change in treatment, of capital gains and losses starting with 1975. For an explanation o f
the change, see Technical Note at the end of this article.
2. Payout ratio not meaningful.
compared with 33 percent in 1974.
These figures cover investments by
foreign parents in U.S. affiliates, but
exclude investments by U.S. affiliates
in other U.S. companies, since the latter
are domestic (U.S.) transactions. However, in 1975 (as in other recent years),
part of the foreign parents' net equity
investment in existing U.S. affiliates
probably helped finance the affiliates'
acquisition or establishment of other
U.S. companies.
Net capital inflows on intercompany
account were $1.5 billion, up $0.4 billion
from 1974. Both the level of these flows
and the change in them mainly reflect
the petroleum affiliate imputations (described previously) and a change,
effective in 1975, in treatment of capital
gains and losses of U.S. insurance
affiliates (see Technical Note). Excluding flows attributable to these two
August 1976
SURVEY OF CURRENT BUSINESS
factors, inflows were $0.2 billion, down
almost $0.8 billion. There were net
outflows from some newly established
affiliates that borrowed in U.S. capital
markets and lent the proceeds to their
foreign parents. There also were some
unusually large affiliate repayments of
intercompany debt.
By area, there were net capital outflows to Canada and Latin America,
37
partly reflecting intercompany account
repayments by U.S. petroleum affiliates.
In contrast, inflows from Japan rose
sharply, apparently due to repayments,
by Japanese trading company parents,
of previous years' borrowings from their
U.S. affiliates. These changes probably
were influenced by the marked easing
in U.S. financial market conditions,
relative to those in major foreign
financial markets. Also, outstanding
liabilities to European parents, particularly those of U.S. petroleum affiliates,
decreased.
Reinvested Earnings
Reinvested earnings of incorporated
affiliates—calculated by subtracting
gross dividends from earnings—
Table 7.—Foreign Direct Investment in the United States, Selected Items, 1973-75, by Country and by Industry
[Millions of dollars]
Reinvested earnings l
Position at yearend
Totaly area:
C anada
E urope
European Communities (9)_.
Belgium and Luxembourg,
France
Germany
.. _ _
Italy
Netherlands
Denmark and Ireland
United Kingdom
Other Western Europe
Sweden
SwitzerlandOther
Japan
Latin American Republics and other
W estern 11 emisphere
Other
By industry:
Petroleum
ManufacturingTrade
Insurance
Other finance _
Other
Balance of payments income12
1973
1974'
1975^
1973
1974*-
1975
18,284
22,421
26,740
1,025
1,581
1,881
4,044
12, 504
10, 249
602
533
795
105
2,514
51
5, 649
2, 255
286
1,889
80
4,930
14,627
11,939
768
760
1,137
192
2,839
55
6,188
2,688
356
2, 251
81
5,146
16, 533
13,625
692
1,077
1,286
195
3, 649
57
6,669
2,908
362
2,455
91
203
531
473
35
18
89
-13
96
1
248
58
8
48
305
643
495
73
59
16
3
-4
339
148
16
129
3
272
798
641
35
65
98
1
201
-1
242
157
4
149
3
504
858
117
438
1,039
547
1,813
4,649
8, 559
934
2,854
5, 979
10, 685
1,247
2,864
(:!)
1,646
1,289
8,194
11, 952
1,618
3,173
(3)
1,802
1973
84
-14
57
118
460
-24
850
257
464
142
0
93
69
598
709
50
0
56
168
1,151
660
-36
0
24
81
I
1974'
1973
96
546
420
5
31
10
8
101
2
263
126
13
112
385
301
-7
132
126
17
98
582
439
6
34
9
5
109
274
144
9
133
1
Net equity investment
Total
Total..
Japan
Latin American Republics and other
Western Hemisphere
Other
By industry:
Petroleum
Manufacturing..
Trade
Insurance
Other finance__
Other
r
2,656
1,531
Acquisi- Liquidations 5
tions *
1,581
Intercompany ac-6
counts
1973
1974'
Total
4,008
2,008
7,082
3,992
182
741
610
9
27
11
8
128
1
425
130
6
122
2
299
1,077
893
40
49
98
-5
197
3
511
184
20
159
4
403
1,225
933
79
93
25
9
117
2
613
292
25
262
5
453
1,539
1,251
44
92
109
9
329
1
666
287
11
271
5
302
1,067
892
40
48
109
-5
199
3
497
175
19
151
5
405
1,178
913
76
88
28
9
119
-2
596
265
23
237
5
467
1,480
1,217
42
79
108
i)
331
0
647
263
17
173
149
50
84
120
5,230
37
1, 958
639
754
178
132
219
5,477
1,007
158
25
217
199
2,376
921
77
341
163
114
31
138
96
33
4,770
61
1,112
85
382
121
5, 231
4,873
348
51
25
166
32
1,213
307
83
341
145
38
642
765
135
132
219
87
5,471
1,057
101
25
222
200
2,365
968
47
341
169
119
1975 t
Net equity investment
Total
1,097
2,745
1,648
1,751
130
475
347
132
68
-138
5
15
(*)
266
127
20
117
-10
540
1,690
1,385
86
168
317
84
320
7
402
305
55
250
(*)
353
1,011
851
410
1,057
897
64
127
104
79
152
9
360
160
68
91
1
-103
Acquisitions 4
Liquidations 5
2,437
939
951
-12
1,498
-56
1,107
1,044
-111
252
50
2
94
545
463
4
0
-12
-12
0
-1
-1
0
0
0
239
63
1
55
94
533
451
4
109
70
3
195
6
66
82
18
62
-150
574
593
-115
144
-20
(*)
414
-3
174
-18
-16
-7
4
270
270
256
659
548
127
78
-30
1
49
0
324
111
6
105
0
256
708
598
127
78
17
1
49
0
326
111
6
105
0
287
104
104
184
159
281
— 122
368
3
510
3
511
76
260
47
309
1
45
308
-36
1,055
322
119
693
369
119
427
425
119
137
664
1,348
230
93
222
189
261
877
191
309
886
199
-48
-9
1,064
606
408
285
195
299
237
196
304
243
202
117
202
156
(*)
-39
403
471
39
93
20
72
(*)
75
101
107
101
107
1,120
748
238
137
74
339
66
330
0
-3
64
127
104
79
152
9
315
160
68
91
1
678
533
41
213
5
167
2
87
145
-13
159
Intercompany accounts 6
Total
386
1,133
895
259
146
-168
6
63
(*)
589
238
26
222
-10
0
-50
-50
0
0
-47
0
0
0
-3
0
0
0
0
250
5
]
Intercompany acLiquida- counts 6
Acquisi4
tions s
tions
1,125
1975i
7,076
Net equity investment
Total
Revised.
p Preliminary.
"Less than $500,000 (±).
1. This item is affected by the change in treatment of capital gains and losses starting with
1975. For an explanation of the change, see Technical Note at the end of this article.
2. For definitional relationships, see table 10.
3. Included in "insurance."
4. Relates only to incorporated affiliates and consists of: (1) capital inflows to establish or
acquire a company in the United States and to acquire additional shares in, or make capital
1975?
1974'
1973
By area:
Canada
Europe
European Communities (9)..
Belgium and Luxembourg.
France
Germany
Italy
Netherlands
Denmark and Ireland
United Kingdom
Other Western Europe
Sweden
Switzerland
. _ _ - _.. .
Other
1974'
Earnings l
1,9
5,495
Net capital inflows (outflows (—))
Total
Adjusted earnings * 2
109
71
3
195
6
76
82
18
62
-11
0
0
0
0
-43
1,019
-1
-5
-7
868
307
171
286
-101
-33
contributions to, existing U.S. affiliates; and (2) capitalization of intercompany accounts.
5. Consists of partial and total liquidations of equity holdings in incorporated U.S. affiliates
by foreign parents.
6. Consists of net changes in intercompany accounts of incorporated U.S. affiliates with
their foreign parents, plus net capital inflows to unincorporated U.S. affiliates from their
foreign parents.
SURVEY OF CURRENT BUSINESS
38
August 1976
Table 8.—Foreign Direct Investment in the United States,
[Millions
Position at yearend
Total
Petro- Manuleum facturing
Insurance
and other
Other
Total
Petro- Manuleum facturing
finance
All areas:
1973
1974 r
1975 P
Canada:
1973
1974 r
_
_
_
_
_
_
1975 P
Europe:
1973
1974 r
1975 P
________
European Communities (9) :
1973
1974 r
1975 P
Netherlands:
1973
_
1974'
_
1975 P
United Kingdom:
1973 r .
1974
1975 P
Other:
1973 r
1974
1975 P
Switzerland:
1973 r
1974
1975 P
Other Western Europe:
1973
. . ...
1974 r
1975 P
- -
Balance of payments income 1 2
Reinvested earnings *
Insurance
and other
Other
Total
Petro- Manuleum facturing
finance
18, 284
22, 421
26, 740
4,649
5,979
8,194
8,559
10, 685
11, 952
2,854
2,864
3,173
2,222
2,893
3,420
1,025
1,581
1,881
257
598
1,151
464
709
660
93
56
24
211
218
45
955
5,495
2,127
385
4,873
1,213
301
348
307
259
190
486
10
84
121
4,044
4,930
5,146
296
468
442
2,430
2,966
3,108
320
342
350
998
1,154
1,247
203
305
272
34
12
31
127
155
154
4
5
2
39
133
85
96
98
182
15
12
16
40
53
54
24
3
79
17
29
33
12,504
14, 627
16, 533
3,438
3,871
4,324
5,828
7,143
8,237
2,261
2,181
2,321
977
1,431
1,651
531
643
798
108
137
276
304
486
499
67
30
52
-10
26
546
582
741
115
114
114
252
283
240
159
102
309
21
84
77
10, 249
11, 939
13, 625
3,438
3,870
4,323
4,212
5,127
6,059
1,827
1,816
1,940
773
1,126
1,303
473
495
641
108
137
277
256
344
347
66
28
-8
43
-14
26
420
439
610
115
114
114
162
212
187
129
90
279
13
23
31
2,514
2,839
3,649
1,508
1,584
1,997
821
1,043
1,388
44
60
91
141
153
172
96
7
201
50
-50
159
41
55
42
2
5
2
-1
101
109
128
58
66
68
38
38
43
5
5
14
5,649
6,188
6,669
1,377
1,650
1,741
2,250
2,476
2,703
1,506
1,363
1,435
516
700
791
248
339
242
32
124
86
127
145
157
56
9
-16
33
60
15
263
274
425
56
48
46
83
136
119
106
73
245
18
17
15
2,086
2,912
3,307
553
637
585
1,141
1,608
1, 968
277
393
414
115
274
339
129
148
198
27
63
31
88
143
148
9
19
6
5
-76
13
56
56
58
(*)
(*)
(*)
42
38
26
19
12
19
-5
6
12
1,889
2,251
2,455
0
1
1
1,437
1,750
1,890
376
358
409
75
142
155
48
129
149
0
(*)
(*)
42
125
139
6
4
112
133
122
(*)
(*)
84
65
49
25
10
30
3
58
43
179
266
288
58
-29
130
163
193
10
19
8
(*)
(*)
(*)
17
13
1
2
2
9
(*) "
-8
15
11
(*)
(*)
(*)
5
f>
4
5
2
1
5
3
4
45
49
47
-30
-45
366
437
453
(*)
(*)
(*)
A
(*)
(*)
(*)
( }
*
9
9
0
-
-- _ -
259
504
858
0
0
0
129
376
389
81
132
220
48
-3
249
117
84
-14
0
0
0
19
40
-7
9
8
13
89
36
-20
22
12
31
0
0
0
Other:
1973.r
1974
1975 P .
-
- -_-
1,477
2,360
4,204
916
1,641
3, 429
171
200
218
191
208
283
199
311
274
175
549
826
115
449
844
14
28
14
13
13
14
32
58
-46
291
4,804
1,173
256
4,747
1,083
•• Revised.
» Preliminary.
*Less than $500,000 (±).
1. This item is affected by the change in treatment of capital gains and losses starting with
increased $0.3 billion, to $1.9 billion, as
a decline in dividends more than offset
a decline in earnings (tables 5, 7, and
8). All of the increase was accounted for
by petroleum affiliates; reinvested
earnings of each of the other major
industry groups declined slightly.
Return on the Position
Adjusted earnings—which consist of
foreign parents' shares in earnings of
their U.S. affiliates and net interest
on their loans to their U.S. affiliates,
less U.S. withholding taxes (see Technical Note)—declined 57 percent, to
$4.0 billion, from the exceptionally
high 1974 level (tables 6, 7, and 8).
However, they were still more than
twice as large as in any year before
1974.2 The 1975 decline reflected lower
2. The surge in 1974 was largely in petroleum; it reflected
sharply higher petroleum prices and a return to more normal
production levels in the wake of the oil embargo.
Other
finance
Japan :
1973.r
1974
1975 P .
_
Insurance
and other
3
5
6
30
36
51
(*)
(*)
3
99
15
33
1975. For an explanation of the change, see Technical Note at the end of this article.
2. For definitional relationships, see table 10.
U.S. petroleum affiliate earnings from
Rates of return are calculated from
Middle East operations, as worldwide figures stated in dollars. Thus, they redemand for petroleum slackened and flect affiliate returns to foreign parents
increased host country taxes reduced from the affiliates' viewpoint; they may
per-barrel profits. Adjusted earnings not accurately reflect returns from the
for each of the other industries, except viewpoint of foreign investors, because
insurance, also decreased, because of they do not take into account foreign
the U.S. recession. The insurance gain tax considerations or the effect of
was largely attributable to a substantial changes in exchange rates.
recovery in the market value of securities portfolios (see Technical Note).
Current Account Items
The adjusted earnings rate of return—measured as the ratio of adjusted
Two types of net payments by U.S.
earnings to the average of the be- affiliates to their foreign parents are
ginning- and end-of-year foreign direct specifically identified in the current
investment positions—was 16.3 percent, account of the U.S. balance of payments:
less than half the 1975 rate (table 6). (1) balance of payments income to
The decline was heavily influenced foreigners on their direct investment
by petroleum affiliate rates of return
for the "other" areas category. Rates and (2) net fees and royalties.
Balance of payments income—which
of return of other petroleum affiliates
rose, but those of manufacturing affil- consists of net dividends, net interest
on intercompany accounts, and earniates declined.
SURVEY OF CURRENT BUSINESS
August 1976
Selected Items, 1973-75, Industry by Country
1974 estimates published last October.
Some of those affiliates were brought
into the reporting system as a result
of the 1974 benchmark survey.
of dollars]
Adjusted earnings 1 2
Petroleum
Total
Manufacturing
Earnings 1 2
Insurance
and other
Other
Total
Petroleum
Insurance
and other
finance
Manufacturing
finance
Other
Capital gains and losses
1,980
7,076
4,008
642
5,471
2,365
765
1,057
968
351
247
510
221
301
166
2,008
7,082
3,992
639
5,477
2,376
754
1,007
921
351
241
504
265
356
192
299
403
453
49
24
47
166
208
208
28
8
81
55
163
118
302
405
467
51
26
50
167
208
219
28
8
80
56
162
119
1,077
1,225
1,539
222
251
391
556
768
739
226
132
305
73
74
103
1,067
1,178
1,480
217
255
400
547
721
684
228
130
303
75
72
94
893
933
1,251
222
251
391
418
556
534
195
118
270
57
9
56
892
913
1,217
217
255
400
419
533
499
197
117
269
60
8
49
197
117
329
108
16
228
79
94
84
5
5
16
6
2
2
199
119
331
111
19
231
78
92
83
4
5
16
6
2
2
511
613
666
88
172
132
210
282
276
162
82
229
51
77
30
497
596
647
79
173
138
209
262
251
165
84
229
45
77
29
186
203
256
27
63
31
130
180
174
29
31
26
(*)
-70
25
196
198
239
27
63
31
132
179
166
28
27
24
10
-71
19
0
0
159
262
271
(*)
(*)
126
190
188
24
10
32
9
62
51
151
237
250
(*)
(*)
119
167
169
25
10
31
8
61
50
25
30
16
(*)
(*)
(*)
11
23
17
7
4
3
7
3
-4
23
28
13
(*)
(*)
(*)
10
21
15
7
4
3
7
3
-6
26
47
54
57
59
59
-9
-42
173
149
50
0
0
0
22
43
52
55
56
99
51
-2
18
34
20
43
49
65
35
73
-13
465
5,350
1, 995
371
5,196
1, 927
18
35
22
42
48
64
34
72
-18
138
96
17
466
5,352
1, 999
0
0
0
371
5,196
1,927 1
(*)
ings of unincorporated affiliates—was
$2.1 billion, less than half the 1974
level. The decrease was in dividends of
petroleum affiliates; changes in other
industries were comparatively small.
Fees and royalties, at $0.2 billion, were
virtually unchanged (table 9).
Table 9.—Foreign Direct Investment
and Royalties, 1973-75
Europe
1973
1974 r
Technical Note
1975 v
r
Table 10 shows the derivation of the
adjusted earnings return on the foreign
direct investment position. Adjusted
earnings focuses on the shares in
affiliates' earnings realized by foreign
parents, rather than total earnings of the
affiliates; thus, U.S. withholding taxes
on dividends are excluded. Interest
payments are part of adjusted earnings
because they represent the return on
outstanding intercompany loans from
foreign parents, which are included in
the direct investment position.
Fees
[Millions of dollars]
Total
209
212
241
Revised.
Canada
73
83
89
Total
133
127
151
39
United Other
Kingdom
20
16
10
113
111
140
Starting in 1975, affiliate earnings
(and adjusted earnings) are calculated
on the basis of the "all inclusive" concept of the income statement. On that
basis, all capital gains and losses are
carried through the income statement
(rather than being taken directly to an
equity account). Thus, for incorporated
affiliates, these gains and losses affect
the direct investment position through
reinvested earnings. For unincorporated
affiliates, they affect the position
through net capital inflows (all earnings
of unincorporated affiliates are treated
as balance of payments income remitted
to the foreign parent, and the earnings
that are reinvested are treated as net
capital inflows).
Before 1975, capital gains and losses
were excluded from adjusted earnings
and, therefore, from reinvested earnings
of incorporated affiliates and from net
capital inflows and balance of payments
income of unincorporated affiliates.
However, they were included in the
position as valuation adjustments.
These changes particularly affected
estimates for insurance affiliates, which
are treated here as unincorporated
affiliates. Adjusted earnings, balance of
payments income, and net capital inflows on intercompany account for
insurance affiliates for 1975 are there-
Other
(Continued on page 60)
(>
2
1
Table 10.—Adjusted Earnings and Related
Items: Derivation and Relationship
[Millions of dollars]
Preliminary.
1975 amount and
source
Revisions
The revisions for 1974 are unusually
large, compared with revisions for prior
years. For example, preliminary figures
for the additions to the position for
1970-73 were revised upward an average of $150 million, whereas the addition for 1974 was revised upward $675
million. The revision for 1974 incorporates data for a number of large U.S.
affiliates that missed the reporting
deadline for inclusion in the preliminary
Reported.
1. Earnings of incorporated U.S.
affiliates.
2. Earnings of unincorporated U.S.
affiliates.
3 Earnings
4. Gross 'dividends (on common
and preferred stock) .
5. U.S. withholding tax on dividends.
3,461
6. Dividends (on common and
preferred stock).
7 Interest
8 Reinvested earnings
9. Balance of payments income
1,519
Reported.
77
1,881
2,127
Reported.
= 1-4 or 10-9.
= 2+6+7 or
10-8.
=3-5+7 or
8+9.
10 Adjusted earnings
531
3, 992
1,580
61
4,008
Reported.
-1+2.
= 5+6.
Derived.
NOTE.—"Reported" refers to universe estimates derived
from reported sample data.
By OBIE G. WHICHARD AND JULIUS N. FREIDLIN
US. Direct Investment Abroad in 1975
LAJOR developments related to
1VL
U.S. direct investment abroad in 1975
because net capital outflows declined
more
than
reinvested
earnings
were:
increased.
(2) Adjusted earnings—the return
(1) The U.S. direct investment position increased 12 percent, to $133.2 on the position—were $17.6 billion,
billion. The increase consisted of net down 31 percent. Most of the decline
capital outflows of $6.3 billion, re- was the result of a sharp drop in the
invested earnings of $8.2 billion, and earnings of petroleum affiliates from
small negative valuation adjustments. unusually high 1974 levels. Adjusted
The increase was smaller than in 1974, earnings of nonpetroleum affiliates de-
clined 2 percent, as the worldwide
recession that began in late 1974
deepened.
(3) Balance of payments income
from U.S. direct investment abroad was
$9.5 billion, down 47 percent. The decline was due primarily to a decline in
earnings of unincorporated petroleum
affiliates, and to a lesser extent, to
decreased dividends from incorporated
affiliates.
CHART 4
The Direct Investment
Position
Annual Additions to Direct Investment Abroad
Billion $
(Ratio scale)
I
I
I
I
I
Billion $
I
1
I
I
'DEVELOPED COUNTRIES
"ALL AREAS*
I
I
I
I
I
I
I
I
10
Total
v /
T
15
'DEVELOPING COUNTRIES
Other Industries
- r
Petroleum
.1
.1
.08
.08
.06
.05
.06
.05
l
1966
l
68
l
70
i
l
72
I
i
74
i
J
1966
t
I
68
L
70
l
i
72
t
!
74
I
1966
*Data for "international and unallocated" are not shown; therefore, area detail do not add to "all areas" total.
** Petroleum addition in 1974 was reduction of $179 million.
U.S. Department of Commerce, Bureau of Economic Analysis
40
I
I
68
I
I
70
I
72
At yearend 1975, the U.S. direct
investment position—the net book
value of U.S. direct investors' equity in,
and outstanding loans to, foreign affiliates—was $133.2 billion (table I). 1 By
industry, petroleum accounted for 26
percent of the position, manufacturing
for 42 percent, and "other" industries—
where the positions in finance and insurance, trade, and mining and smelting
were the largest—for 32 percent. By
area, developed countries accounted for
68 percent of the position, developing
countries for 26 percent, and "international and unallocated" for 5 percent.
Investment in incorporated affiliates
was 83 percent (table 2), and in unincorporated affiliates 17 percent, of the
position. For incorporated affiliates, the
position consists of cumulative net
capital outflows, reinvested earnings,
and valuation adjustments. For unincorporated affiliates, it consists of cumulative net capital outflows and valuation
1. The annual estimates in this article cover only the
accounts of U.S. direct investors with their foreign affiliates,
not with other foreign persons or unaffiliated U.S. persons.
74
NOTE.—Ilobyn J. Hamilton, Ralph Kozlow,
John W. Ilutter, and Patricia C. Walker
prepared the estimates and furnished background information.
SUEVEY OF CUREENT BUSINESS
August 1976
Table 1.—U.S. Direct Investment Position Abroad, 1973-75
[Millions of dollars]
Position,
yearend
1973
All areas _ .
03,675
Petroleum ._ _ _ . _ _ . 27, 313
Manufacturing
44, 370
Other .-31, 992
Addition in 1974
Total
Net
Reincapital vested
outearnflows
ings
Addition in 1975
Valuation
adjustments
5,144
2,882
6,802
5,460
7,653
1,200
2,861
3,592
7,777
1,719
3,936
2,122
72,214
15,911
36, 550
19, 753
0,811
2,423
5, 422
2, 966
5,273
1,338
2,191
1,744
5,526
1,116
3,174
1,236
13
-30
57
-14
C anada
Petroleum ._
Manufacturing.. . _ .
Other
25, 541
5,320
11, 755
8,467
2,863
411
1, 695
756
643
-110
410
344
2,214
530
1,298
385
Europe
Petroleum ._
M anuf acturing
Other
Other
Petroleum . _
Manufacturing
Other
38, 255
8,524
20, 777
8,954
8,417
2,066
4,019
2,332
6,527
1,436
3,213
1,878
1,422
576
514
332
3, 793
1,023
1,602
1,169
836
425
179
231
Developing countries
Petroleum _
M anuf acturing
Other
25, 266
8,436
7,820
9, 010
3,193
-179
1,380
1, 992
16, 484
3,043
6,456
6,984
3,008
520
1,085
1,402
Developed countries
Petroleum _
Manufacturing
Other
Latin America
Petroleum. .
Manufacturing
Other
..
Other
Petroleum
M anuf acturing
Other
International and unallocated..
Position,
yearend
1974
ReinNet
Total capital vested
earnoutflows
ings
Position,
yearend
1975
Valuation
adjustments
-287 118,819 14,349
-37 30, 195 4,612
5 51, 172 4,866
-254
37, 452 4,871
6,307
2,803
1,300
2,204
8,184
2,001
3,604
2,579
-143
-193
-38
89
133, 168
34,806
56, 039
42, 323
83,025
18, 334
41, 973
22, 719
8,114
2,002
3,628
2,484
2,883
1,183
907
792
5,149
841
2,728
1,580
82
-22
112
91, 139
20, 336
45, 601
25, 203
5
-9
-13
27
28,404
5,731
13, 450
9,223
2,751
478
1, 269
1,005
482
-54
125
411
2,227
534
1,138
555
42
_2
5
39
31, 155
6,209
14, 718
10, 228
2,768
434
1,586
748
544
151
290
103
-34
-21
26
-39
42
(*)
44
-3
44, 782
9,960
23, 990
10, 832
9,839
2,642
4,533
2,664
4,839
1,421
2,145
1,273
524
104
214
206
2,265
1,262
756
247
137
-24
26
135
2,525
179
1,396
950
397
127
194
75
49
-20
-7
76
-9
0
-6
-3
49, 621
11,381
26, 136
12,104
10, 363
2,746
4,747
2,870
1,676
-596
670
1,602
1,841
423
762
655
-324
-7
-52
-265
28, 459
8,257
9,200
11, 002
6,415
2,890
1,238
2,287
3,713
1, 903
393
1,417
2,928
1,158
876
895
-226
-171
-31
—24
34,874
11, 147
10, 438
13, 290
2,208
418
565
1,225
1,109
95
568
446
-309
8
-49
-269
19, 491
3,564
7,541
8,386
2,732
-193
1,011
1,914
1,347
-233
265
1,315
1,462
89
773
601
-77
-50
-26
i
22, 223
3,370
8,553
10,300
8,782
5,392
1,363
2,027
185
-532
-699 -1,014
295
105
590
377
732
329
194
209
-15
-14
-4
3
8,968
4,693
1,658
2,616
3,683
3,083
227
373
2,366
2,136
128
102
1,466
1,068
103
294
-149
-121
-5
-23
12, 651
7,776
1,885
2, 989
6,196
1,140
410
25
7,335
-181
-288
107
1
7,155
704
0
* Less than $500,000 (±).
Table 2.—U.S. Direct Investment Position Abroad—Incorporated Foreign Affiliates, 1973-75
[Millions of dollars]
Position,
yearend
1973
All areas .
Petroleum. _ _ _ _
Manufacturing
Other
..
Addition in 1974
Net
Total capital
outflows
Reinvested
earnings
87,546 13,597
18, 895 3,114
43, 379 6,700
25, 272 3,783
5,831
1,301
2, 719
1,811
7,777
1, 719
3, 936
2, 122
65,703
13, 683
36, 056
15, 963
9,786
1,703
5,342
2,741
4,166
553
2,110
1,504
5,526
1,116
3,174
1,236
Canada
.
Petroleum
Manufacturing
Other .
22, 110
4, 219
11,651
6,240
2,829
453
1,672
704
562
-117
386
292
Europe . . _ ._
Petroleum
Manufacturing _
Other
36, 380
7,707
20, 458
8,216
5,525
585
3,171
1,770
7,212
1,757
3,947
1,508
Addition in 1975
Valuation
adjustments
Position,
yearend
1974
Net
Rein- ValuaTotal capital vested
tion
earn- adjustoutflows ings
ments
Position,
yearend
1975
41
adjustments. Because all earnings of
unincorporated affiliates are treated as
remitted to the U.S. parent, no reinvested earnings are recorded for these
affiliates; to the extent that their
earnings are reinvested, they are
included in net capital outflows.
The 1975 Addition to the Direct
Investment Position
Of the $14.3 billion addition to the
direct investment position, the proportion accounted for by net capital
outflows declined, while that accounted
for by reinvested earnings increased
(table 3). For the fourth consecutive
year, reinvested earnings exceeded net
capital outflows; before 1972, net capital
outflows usually were larger. Valuation
adjustments, the other component of
the addition, were a negative $0.1
billion.2
By industry, the proportion of the
addition accounted for by petroleum
affiliates rose, as net capital outflows to
these affiliates increased and those to
nonpetroleum affiliates decreased. By
area, the proportion accounted for by
affiliates in developing countries rose.
These changes in industry and area
composition were related: the increase
in net capital outflows to petroleum
affiliates was mainly to developing
2. Before 1975, the major valuation adjustments were
capital gains and losses not carried through the affiliate's
income statement, and differences between the market value
and book value of transactions in the affiliate's equity shares
between the U.S. parent and unaffiliated transactors. Starting with 1975, earnings of affiliates are calculated on the basis
of the "all inclusive" concept of the income statement. On
that basis, all capital gains and losses are carried through the
income statement (rather than being taken directly to an
equity account). Thus, they affect the direct investment
position through reinvested earnings for incorporated affiliates and net capital outflows for unincorporated affiliates,
rather than through valuation adjustments. The effect of
this methodological change on the composition of the 1975
addition the position is negligible.
-11 101,143
94 22, 009
45 50, 079
-150
29, 055
9,972
2,002
4,677
3, 294
1,766
22
1,103
641
8,184
2,001
3,604
2, 579
22
-21
-31
74
111,115
24,011
54, 755
32, 349
93
34
58
1
75,488
15, 386
41, 399
18,704
6,777
1,080
3,552
2,146
1,569
258
823
489
5,149
841
2,728
1,580
59
-19
(
*l77
82, 265
16, 466
44, 950
20, 850
2,214
530
1,298
385
53
39
-13
27
24, 939
4,672
13, 322
6,945
2,474
479
1,256
738
249
-55
113
192
~'534
1,138
555
-3
(*)
5
—9
27, 413
5, 151
14, 579
7,683
2,760
155
1,559
1,046
2,768
434
1,586
748
-3
-5
27
-25
41,906
8,291
23, 629
9, 985
3,909
572
2,086
1,251
1,331
412
697
223
2,525
179
1,396
950
53
-19
45, 815
8,864
25,715
11,236
1,432
665
500
267
844
514
165
165
544
151
290
103
43
0
45
-1
8,644
2,423
4,447
1,774
394
28
209
157
— 12
-99
13
75
397
127
194
75
9
0
7
9, 038
2, 451
4,656
1, 931
16, 083
2,528
7,322
6,233
2,716
820
1,358
539
1,005
336
609
59
1,841
423
762
655
-129
60
-13
-176
18,799
3,348
8,680
6,772
3,423
1,249
1,125
1,049
533
94
280
159
2,928
1,158
876
895
-38
-3
-31
-4
22, 223
4,597
9, 805
7,821
By component:
Net capital outflows
Reinvested earnings
Valuation adjustments
Latin America . .
Petroleum
Manufacturing
Other
11, 532
742
6,017
4,773
1,808
658
1,081
68
828
503
521
-196
1,109
95
568
446
-129
60
-8
-181
13, 340
1,400
7, 099
4,841
1,336
-291
909
718
-97
-380
162
121
1,462
89
773
601
-30
-1
-26
By type of affiliate:
Incorporated
Unincorporated
q
14, 675
1,108
8,007
5,560
Other
Petroleum
Manufacturing...
Other
4,551
1,786
1,305
1,460
908
162
276
470
177
-167
88
255
732
329
194
209
(*)
(*)
-6
6
5,460
1,948
1,581
1,931
2,088
1,541
216
331
630
474
118
38
1,466
1,068
103
294
-8
_2
-5
-1
7,548
3,489
1, 798
2,262
5,760
1,095
660
410
25
6,855
-228
107
1
6,627
Developed countries
Petroleum
M anuf acturing
Other
..
Other.
Petroleum
Manufacturing
Other
Developing countries
Petroleum
Manufacturing. . .
Other
...
International and unallocated.
*Less than $500,000 (±).
-336
78
Table 3.—Composition of the Addition to
the U.S.
Direct Investment Position
Abroad, 1974-75
[Percent]
1974
Total
- -
By area:
Developing countries
International and unallocated
By industry:
Petroleum
Manufacturing
Other
-
-
-
-
1975
100
100
51
51
44
57
-1
90
10
69
31
71
21
8
—1
19
45
36
32
34
34
56
45
SURVEY OF CURRENT BUSINESS
42
countries, and the decrease in net
capital outflows to nonpetroleum affiliates was mainly to developed countries.
Another related development was
the rise in the proportion of the addition
accounted for by unincorporated affiliates. This reflected the fact that most
petroleum affiliates in developing countries are unincorporated, whereas most
nonpetroleum affiliates in developed
countries are incorporated.
In addition, the termination of controls on direct investment abroad in
early 1974 may have boosted capital
outflows that year, as affiliates adjusted
their capital structures; such outflows
probably did not recur in 1975. Finally,
in 1975, two offshore finance affiliates,
which had been established to borrow
funds abroad as an alternative to
increased U.S.-source financing during
the period of controls, were liquidated.
Net capital outflows tomanufactHriny
affiliates
declined 55 percent, to $1.3
Net capital outflows
billion. The decline'—widely dispersed
Net capital outflows declined 18 per- among countries and industries—may
cent, to $6.3 billion (table 4). The have reflected declines in affiliates'
decline was concentrated in short-term capital spending. The most recent
intercom])any accounts of nonpetroleum BE A estimates, based on a survey
affiliates; it reflected the worldwide taken last December, indicate a 5
recession, which reduced affiliates' need
percent decline in capital spending in
for funds to finance receivables and
manufacinventories, and which reduced U.S. 1975 by majority-owned
3
turing
affiliates.
Although
capital
outparents' ability or willingness to supply
funds to affiliates, or to make equity
3. "Capital Expenditures by Majority-Owned Foreign
Affiliates of U.S. Companies: 1975 and 1976 and 1966-76
investments.
Trends," SURVEY OF CURRENT BUSINESS, March 1976, p. 21.
August 19TG
flows represent only one source of
financing for capital spending-—reinvested earnings, depreciation allowances, and funds from imaffiliated
sources are others—historically, there
has been a correlation between capital
outflows and capital spending.
In contrast, net capital outflows to
petroleum affiliates more than doubled
in 1975, to $2.8 billion. As noted
previously, the increase was centered in
developing countries, where affiliates
were engaged primarily in extraction.
There was a shift from net inflows
from, to net outflows to, affiliates in
these countries. The 1974 inflows occurred as trade-related liabilities of
U.S. parents to their affiliates increased
because of sharp increases in crude oil
prices in the first quarter and higher
production after the Arab oil embargo.
To some extent, the increase represented an extension of trade credit for
longer-than-customary periods to U.S.
Table 4.—Net Capital Outflows, 1974-75
[Millions of dollars]
1974
1975
To incorporated affiliates
Total
Net intercompany account
Total
Net
equity
Total
AH areas
Petroleum,
Manufacturing. . .
Other..
To incorporated affiliates
Shortterm
To unincorporated
affiliates
Net intercompany accoun t
Total
Total
Net
equity
7,653
1,200
2,861
3, 592
5,831
1,301
2,719
1,811
1,734
104
975
655
4,097
1,197 !
1, 743
1,157
3,763
1,623
1, 398
742
335
-426
346
414
1,822
-101
142
1,781
6,307
2, 803
1,300
2,20i
1,766
°2
1,103
641
1,505
112
904
489
5,273
1,338
2,191
1,744
4,166
553
2,110
1,504
1,454
71
778
605
2,712
482
1,332
899
2,679
928
1,100
651
33
-446
231
248
1,106
785
81
240
2,883
1,183
907
792
1,569
258
823
489
1,079
-6
740
345
Canada
Petroleum
M anuf acturing _
Other
643
-110
410
344
562
-117
386
292
190
5
95
90
372
-121
291
202
199 !
-115
260
53
174
-7
31
149
82
6
23
52
482
-54
125
411
249
-55
113
192
155
-15
58
111
Europe..
Petroleum.
Manufacturing
Other
3,793
1,023
1,602
1,169
2,760
155
1,559
1,046
1,171
66
670
434
1,590
89
888
613
1,743
534
697
512
-154
-445
191
100
1,033
868
43
122
2, 265
1,262
756
247
1,331
412
697
223
823
<)
621
193
.
836
425
179
231
844
514
165
165
94
0
13
81
750
514
152
84
13
6
9
-1
-89
15
66
137
-24
26
135
-12
-99
13
75
Developing countries .
Petroleum
Manufacturing
Other
1,676
-596
670
1,602
1,005
336
609
59
210
9
197
3
795 1
327
412
56
515
307
297
-89
280
20
115
145
671
-932
61
1,542
3,713
1,903
393
1,417
533
94
280
159
2 208
418
565
1,225
828
503
521
-196
128
5
167
-44
700
498 !
354
-152 I
507 1
440
254
-186
192
58
100
34
1,380
-85
45
1,421
1,347
-233
265
1,315
-380
162
121
230
19
130
80
-532
-1,014
105
377
177
-167
88
255
82
4
30
47
95
-170
58
208
7
-133
44
97
88
-37
14
111
-709
-847
16
122
2, 366
2,136
128
102
630
474
118
38
121
32
33
55
704
660
70
590
569
21
45
-288
-336
75
Developed countries
Petroleum. _ _
Manufacturing. _ __ .
Other
__
Other
.
Petroleum..
Manufacturing
Other..
Latin America
Petroleum
Manufacturing
Other
Other
Petroleum
Manufacturing
Other..
_
International and unallocated
*Less than $500,000 (±).
737
509
143
85
1
;
60
41
351
52 :
164
135 i
4,511
2,781
?97
1,563
252
9 :
233 I
10
9
-98
-34
142
490 i
263
83 !
144
192
38
162
-9
298
225
-79
152
1,314
926
84
304
235
193
-39
81
232
1
12
220
73
88
-47
32
933
850
59
24
-9 '
-56
8
39
148
76
13
60
262
-140
-233
94
-1
508
!
436 i;
315
123
—2
403
76
30
!
-113 !
-100
-47
34
-104
-44
-55
-5
182
42
116 i
23 ,
195
48
72
75
-12
-5
45
-52
3,180
1,809
113
1,258
1
-283
-376
3
91
-44
-23
29
-50
1,444
147
103
1,194
32
18
16
-2
1,736
1,662
10
64
-277
47
-327
-399
32
41
]
Long
term
-89
200
152 j
95
-40
55
80
101
(*)
Shortterm
Total
Longterm
corporated
affiliates
509
442
85 ;
-17 !
-410
477 1
424
69 i
-15 i
-134
SURVEY OF CURRENT BUSINESS
August 1976
Table 5.—Acquisitions From, and Sales To,
Unaffiliated Foreigners of Capital Stock—
Incorporated Foreign Affiliates, 1974 and
1975 i
[Millions of dollars]
Sales
Acquisitions
1974
AH areas
Petroleum
Manufacturing..
Other
525
2
422
101
Developed countries
Petroleum
M anufactur ing _ _
Other
437
358
77
1974
1975
1975
419
1
276
142
573
31
296
246
487
48
165
274
354
1
230
124
331
28
253
49
399
47
123
228
Canada
Petroleum
M anufacturing
Other
89
82
5
24
1
4
19
61
0
27
34
Europe
Petroleum
Manufacturing
Other
297
0
23!)
58
"0
192
81
189
28
144
15
305
47
106
153
Other _ ...
Petroleum
Manufacturing
Other
51
0
36
15
57
0
34
24
82
0
82
(*)
47
0
4
43
Developing countries
Petroleum
Manufacturing
Other
88
(*)
64
24
65
(*)
47
17
242
3
43
197
81
1
42
38
Latin America
Petroleum
Manufacturing
Other
79
(*)
63
17
47
(*)
34
13
174
0
28
147
57
0
29
28
Other
Petroleum
M anufactur ing
Other
<)
0
1
17
68
3
15
50
25
1
H
9
9
International and unallocated
0
(*)
13
4
1
46
(*)
13
33
*Less than $500,000.
1. Acquisitions and sales are components of net capital
outflows to incorporated foreign affiliates.
Acquisitions include partial and total purchases of capital
stock of existing foreign corporations from unaffiliated foreign
owners. Sales include partial and total sales of capital stock
of foreign corporations by U.S. owners to unafliliated foreign
purchasers. Liquidations through the sale of assets, as distinct from sale of ownership interests, are not included.
Changes in the share of ownership resulting from transactions between a parent and an affiliate—such as the purchase of Treasury stock from an affiliate by a parent—are
not included; only changes involving outside owners or
purchasers are included.
Table 7.—Dividend Payout Ratios of Incorporated Foreign Affiliates, 1974-75
[Millions of dollars, oi1 ratio]
1974
Earnings
All areas
Petroleum
Manufacturing
Other
Table 6.—Capital Outflows To Establish
Incorporated Foreign Affiliates, 1974-75 1
[Millions of dollars]
425
.
Developed countries
Petroleum
Manufacturing
Other
Developing countries
Petroleum
Manufacturing
Other
_
_ _ _ _ _
International and unallocated
1975
24
156
245
239
4
60
175
229
<)
92
128
139
(*)
38
101
157
15
64
77
95
4
23
69
40
5
*Less than $500,000.
1. The figures in this table represent capital outflows for
the initial equity investment in newly established incorporated foreign affiliates; capital outflows to acquire existing
enterprises are excluded.
1975
Gross
dividends
Earnings
1975
1974
Gross
dividends
Payout ratio (gross
dividends/earnings)
14,529
4, 054
6,538
3, 937
6,752
2,335
2,602
1,815
13,081
3,201
6,028
3,852
4,897
1,200
2,424
1,274
.465
.576
.398
.461
.374
.375
.402
.331
9,778
1,928
5,463
2, 387
4,252
812
2, 289
1,151
8,824
1,688
4,777
2, 359
3,674
847
2,048
779
.435
.421
.419
.482
.416
.502
.429
.330
Canada _ _
Petroleum
Manufacturing
Other
3,114
700
1,792
621
900
170
494
236
3,105
740
1,673
692
877
205
535
137
.289
.242
.276
.380
.283
.278
.320
.198
Europe
Petroleum. _ _ ..
M anufacturing
Other
_
5, 580
1,004
3, 097
1,480
2,812
570
1,511
732
4,903
759
2,667
1,477
2,378
579
1,271
528
.504
.567
.488
.494
.485
.764
.477
.357
Other
Petroleum
Manufacturing
Other
1,084
224
574
286
540
73
284
183
815
189
436
190
419
62
242
115
.498
.326
.494
.640
.514
.327
.555
.606
Developing countriesPetroleum
Manufacturing
Other . ..
3,964
1,726
1,075
1,163
2,124
1,303
313
508
3,827
1,411
1,251
1,164
898
253
376
270
.536
.755
.291
.437
.235
.179
.300
.232
Latin America
Petroleum _ Manufacturing
Other
1,815
172
814
828
706
77
246
383
2,013
162
1,061
790
551
73
289
189
.389
.449
.302
.462
.274
.449
.272
.239
Other
Petroleum
M anufacturing
Other
2, 150
1,554
260
335
1,418
1,226
67
126
1,813
1,248
190
375
347
180
87
81
.660
.789
.256
.375
192
.144
.456
.215
787
376
431
324
.478
.752
.
Developed countries Petroleum
Manufacturing
Other
All areas
Petroleum
Manufacturing
Other
$6.3 billion, $4.5 billion went to
unincorporated affiliates. Outflows to
incorporated affiliates were $1.8 billion—$1.5 billion for net equity investment and $0.3 billion for transactions
on intercompany account.
Three of the components of net
equity investment are shown in tables
5 and 6. Table 5 shows U.S. parents'
acquisitions from, and sales to, unaffiliated foreigners of capital stock in
existing corporations. Table 6 shows
capital outflows to establish new incorporated affiliates. (Other components
of net equity investment include liquidations, capitalization of intercompany
accounts, and additional paid-in capital
contributions.)
Sales, at $0.5 billion, slightly exceeded acquisitions. Over half of the
sales were in "other" industries, while
nearly two-thirds of the acquisitions
were in manufacturing. Capital outflows to establish new affiliates were
$0.2 billion. The area and industry
distributions of acquisitions and of
outflows to establish new affiliates
differed substantially. By area, develop-
parent companies, which in turn extended credit to affiliates in crude oilimporting developed countries. The
shift to outflows in 1975 occurred as
foreign oil production fell, and liabilities
of U.S. parents, incurred in 1974, were
reduced more rapidly than new ones
were incurred. The shift was magnified
by increased spending in the Middle
East for downstream and support
facilities, such as refineries, shipping
terminals, and pipelines.
Outflows to petroleum affiliates in
developed countries declined 12 percent.
Increased outflows to the United Kingdom, partly related to exploration and
development activity in the North Sea
area, were more than offset by declines
to other developed countries.
Net capital outflows to affiliates in
"other" industries declined 39 percent,
to $2.2 billion. The decline was centered
in Europe—mainly in trade, and in
finance and insurance. Partly offsetting
were increased outflows to Peru, where
a major copper expansion project was
underway.
Of total net capital outflows of
7
(*)
1974
43
International and unallocated
SURVEY OF CURRENT BUSINESS
44
Table 8.—Adjusted Earnings Return on
U.S. Direct Investment Abroad, 1974-75
Millions of
dollars
Percent rate
of return l
1974
1975
AH areas
Petroleum
M anufacturing
Other
25, 626
13, 433
6,684
5, 509
17,640
5, 658
6,163
5, 819
23.0
46.7
14.0
15.9
14.0
17.4
11.5
14.6
Developed countries
Petroleum
M anufacturing
Other
10,418
1, 891
5, 502
3, 025
9,725
1, 669
4,840
3,216
13.4
11.0
14.0
14.2
11.2
8.6
11.1
13.4
Canada
Petroleum
Manufacturing
Other
3, 394
782
1,804
808
3, 445
845
1,670
931
12.6
14.2
14.3
9.1
11.6
14.2
11.9
9.6
Europe
Petroleum
Manufacturing
Other
5,713
794
3,120
1, 799
5,154
555
2,728
1,870
13.8
8.6
13. 9
18.2
10.9
5. 2
10.9
16.3
Other
Petroleum
M anufacturing
Other
1,311
316
578
418
1, 127
269
442
415
14.4
13.4
13.5
16.7
11.2
10.0
9. 5
15.0
Developing countries
Petroleum
M anu f actur ing
Other
14,397
11, 123
1,183
2, 091
7,469
3, 905
1, 323
2,241
53.6
133.3
13. 9
20.9
23.6
40.2
13.5
18.4
Latin America
Petroleum
M anufacturing
Other
3, 145
762
912
1,471
3,066
345
1, 126
1, 595
17.5
23.1
13.0
19. 1
14.7
9. 9
14.0
17.1
Other
Petroleum
Manufacturing
Other
11,252
10, 362
271
619
4, 403
3, 560
198
645
126.8
205. 5
17. 9
26. 7
40.7
57.1
11.2
23.0
811
446
12.0
6.2
International and unallocated
1974
1975
1. Adjusted earnings divided by the average of the
beginning- and end-of-year direct investment positions.
August 1976
Reinvested earnings
and uncertainties concerning the price
Reinvested earnings—the difference and availability of fuel. Dividends were
between earnings and gross dividends paid partly from record 1973 earnings.
of incorporated affiliates—rose 5 per- In 1975, earnings rose 77 percent, to
cent, in contrast to a 10 percent $0.6 billion, although they remained
decline in earnings. The dividend pay- considerably below the 1973 level.
out ratio—the ratio of gross dividends However, gross dividends—and the
to earnings—declined from 0.46 to 0.37 payout ratio—declined substantially.
(table 7). The decline was due largely The decline in dividends was probably
to special factors involving a few influenced by the lower 1974 earnings,
and by the need for internal funds to
individual affiliates or industries.
finance
expanded operations. Both the
Reinvested earnings of manufacturing
rise
in
earnings
and the fall in gross diviaffiliates declined 8 percent, to $3.6
dends
were
concentrated
in Germany.
billion. Earnings also declined 8 perReinvested
earnings
of
affiliates in
cent. Thus, the dividend payout ratio
other
manufacturing
industries
defor all manufacturing affiliates comclined
23
percent,
to
$3.2
billion,
and
bined was unchanged. Within manufacturing, a decrease in the payout earnings declined 13 percent. The
ratio of affiliates in transportation dividend payout ratio rose, as excess
equipment offset an increase in that capacity, liquidation of inventories, and
of affiliates in other manufacturing sluggish sales reduced affiliates' need
for funds.
industries.
Reinvested earnings of petroleum
Reinvested earnings of affiliates in
affiliates
increased 16 percent, to $2.0
transportation equipment shifted from
billion,
in
contrast to a 21 percent drop
a negative $0.1 billion in 1974 to $0.5
in
earnings.
The increase, and the
billion in 1975. In 1974, earnings fell
accompanying
sharp
drop in the dividend
sharply, as automobile sales were depressed b}^ higher automobile prices
(Continued on page 60)
Table 10.—Balance of Payments Income on U.S. Direct Investment Abroad, 1974-75
[Millions of dollars]
ing countries accounted for 40 percent
of outflows to establish new affiliates,
compared with 16 percent of acquisitions. By industry, capital outflows
to establish new affiliates were concentrated in "other" industries, in
contrast to the concentration of acquisitions in manufacturing.
Table 9.—Adjusted Earnings and Related
Items: Derivation and Relationship
[Millions of dollars]
1975 a mount and
source
1. Earnings of incorporated affiliates.
2. Earnings of unincorporated affiliates.
3. Earnings.
. .. .
4. Gross dividends (on common
and preferred stock).
5. Foreign withholding tax on
dividends.
6. Dividends
7. Interest
8. Reinvested earnings
9. Balance of payments income
10. Adjusted earnings
13, 081
Reported.
4, 392
Reported.
17 473
4,879
486
4 411
653
8 184
9,456
... - - 17,640
= 1+2.
= 5+6.
Derived.
Reported
Reported
— 1—4 or
10-9.
= 2+6+7
or 10-8.
= 3-5+7
or 8+9.
NOTE.—"Reported" refers to universe estimates derived
from reported sample data.
] 975
L974
Total
Interest
Dividends
Earnings of
unincorporated
affiliates
Total
Interest
Dividends
Earnings of
unincorporated
affiliates
17 849
11 714
2,748
3 387
728
°67
217
944
6 038
2 072
2, 295
1 671
11 083
9, 375
236
1 472
9,456
3, 657
2,559
3,240
653
151
214
288
4,411
1,095
2,140
1,175
4,392
2,410
204
1, 777
Developed countries
Petroleum-. Manufacturing
Other.
..
4 892
776
2 328
1 789
484
193
168
124
3 803
738
2 027
1,038
605
— 155
133
627
4,576
829
2 111
1,636
427
128
156
142
3,290
768
1,816
707
859
-67
139
787
Canada
Petroleum Manufacturing
Other
1 180
252
506
423
167
9
58
101
782
147
430
205
231
96
18
117
1 218
311
532
375
160
6
55
99
763
179
465
119
295
126
11
158
Europe
Petroleum
Manufacturing
Other . -
2,945
360
1,534
1,051
236
2,551
527
1 350
673
158
—310
91
377
2,628
376
1,332
920
204
98
87
20
2,163
535
1,140
488
261
-257
105
413
Other
Petroleum Manufacturing
Other
767
165
288
315
81
42
99
470
64
247
159
217
59
24
133
730
142
248
341
62
24
14
24
364
54
210
100
304
64
23
217
12 556
10 700
421
1,436
192
31
49
112
1 860
1 114
269
478
10,504
9, 554
103
847
4,540
2,747
447
1,346
188
17
58
113
797
228
324
245
3,555
2,502
65
988
2,036
667
343
1,026
148
5
42
102
637
69
209
359
1,250
593
93
565
1,603
255
353
995
135
4
51
80
480
66
246
168
988
186
56
746
10, 520
10 033
77
410
44
97
8
9
1 223
1,045
59
119
9, 253
8,962
10
282
2 937
2,491
94
351
53
13
7
32
317
162
78
77
2,567
2,316
9
242
401
52
375
-26
339
39
323
-23
All areas
Petroleum
Manufacturing
Other
Developing countries
Petroleum
Manufacturing
OtherLatin America
Petroleum
_
Manufacturing
Other
-
Other.
Petroleum
Manufacturing
Other
International and unallocated..
14-)
93
1
17
SURVEY OF CURRENT BUSINESS
August 1976
45
Table 11.—Direct Investment Receipts of Fees and Royalties, 1974-75 l
[Millions of dollars]
1975
1974
Total
AH areas
Royalties
fees_
Other
Manufacturing
Petroleum
Manufacturing
Trade Other Total
Total
Chemicals
and allied
products
Machinery
Transportation
equipment
Other
Petroleum
Trade Other
Total
Chemicals
and allied
products
Machinery
Transportation
equipment
Other
3,070
291
1,886
405
710
204
576
171
721
3,526
350
2,113
447
831
201
634
182
881
1,649
1,421
9
282
1,381
505
293
112
728
-18
31
174
330
237
119
52
140
581
1,919
1,607
17
333
1,607
506
344
103
841
-10
34
167
388
246
136
46
158
723
2,388
1,472
916
130
6
123
1,688
1,260
428
346
251
95
679
699
-20
192
24
168
471
286
185
133
97
36
438 2,741
109 1,735
329 . 1, 005
169
11
158
1,894
1,481
412
387
302
85
792
809
-18
181
25
156
534
345
189
144
116
28
533
127
407
541
166
374
27
1
26
396
152
245
50
30
20
86
65
21
146
6
140
114
51
63
27
8
19
90
6
85
566
193
372
39
2
38
406
182
224
61
38
23
112
85
27
126
5
121
108
55
53
22
5
16
99
4
94
Europe
1,428
Royalties & license fees. . _ 1,053
Other
374
85
5
80
1,009
892
116
239
184
54
465
519
-54
30
12
18
275
177
98
86
71
15
248
86
163
1,722
1,265
457
111
10
101
1,199
1, 069
129
275
222
53
552
612
-60
41
14
28
331
222
109
95
85
10
318
102
216
75
5
70
921
833
88
220
168
52
433
501
-67
28
11
17
239
153
86
66
53
13
169
33
137
1,481
1,114
367
97
9
88
1,086
1,001
85
253
204
49
511
590
-79
35
287
74
68
6
223
36
187
9
8
10
-1
8
& license
Developed countries
Royalties & license fees
Other
-.
Canada
Royalties & license fees...
Other
European
Communities (9) .
Royalties & license fees
Other
Belgium and Luxembourg
Royalties & license
fees _ _
Other
France
Royalties
fees...
Other
& license
1,231
923
308
110
29
53
1
65
26
19
11
36
17
197
15
149
26
66
4
181
16
1
15
170
-22
23
3
103
-37
4
Germany . . .
Royalties & license
fees
Other .
267
Italy
Royalties
fees...
Other
147
& license
224
43
103
44
Netherlands
Royalties & license
fees
Other
(*)
D
98
86
13
(*)
(*)
5
7
3
45
20
(*)
(*)
7
-2
12
-5
8
53
10
23
266
18
201
33
87
7
74
10
37
41
12
9
1
(*)
1
21
257
9
<*)
18
241
-40
33
143
-56
6
59
15
14
-4
2
35
11
43
14
10
4
6
11
23
21
2
21
8
22
13
9
6
2
1
21
13
(*)
136
6
38
11
161
-26
1
6
20
17
9
1
115
19
74
2
20
10
14
6
5
75
38
12
5
78
-3
35
3
26
-14
68
92
235
147
3
29
210
56
48
19
104
-11
Denmark and Ireland..
Royalties & license
fees
Other .
30
1
9
4
1
1
6
4
3
1
1
1
10
1
9
88
59
28
19
17
2
32
18
14
8
1
(*)
15
311
6
253
58
1
159
10
5
4
1
109
49
(*)
10
24
7
12
106
12
16
7
6
1
3
10
92
14
92
14
70
468
13
1
9
61
7
13
71
3
266
196
131
66
65
23
13
26
10
32
Other
Royalties & license fees
Other.
36
76
30
36
382
(*)
106
90
38
215
United Kingdom
Royalties & license
fees
..
Other
19
11
(*)
(*)
208
7
96
20
(
128
2
1
91
75
35
(D)
(D)
4
(*)
40
145
237
3
29
10
184
-39
119
28
67
103
16
20
8
1
29
7
1
20
9
6
1
32
12
31
-19
330
76
133
282
186
249
81
58
18
117
16
42
18
9
1
11
2
29
13
14
4
8
1
1
1
112
68
44
22
18
3
41
174
160
14
19
17
108
99
9
2
1
1
36
24
12
20
18
2
53
26
241
151
90
5
5
35
32
3
6
8
-3
26
1
24
231
174
58
14
1
13
(*)
1
1
32
-1
39
(*)
69
-2
74
0
5
239
83
—9
2
(*)
(*)
(*)
14
22
107
76
18
4
(D)
(D)
6
17
0
5
3
2
4
14
3
6
43
20
17
3
95
66
29
4
4
43
40
3
9
12
-3
(*)
(*)
19
Japan
Royalties & license fees.
Other.
211
166
45
(*)
8
172
156
15
23
17
5
109
103
6
Australia, New Zealand,
and South Africa
Royalties & license fees
Other
209
86
122
10
(*)
10
111
60
51
35
20
15
18
13
6
10
1
9
47
26
21
15
10
4
74
17
57
221
103
118
0
115
70
45
33
25
8
21
14
6
9
2
52
29
24
19
15
4
19
630
169
462
140
3
137
199
122
59
41
18
31
29
13
7
6
95
44
51
22
15
7
270
30
240
734
178
556
161
6
156
219
126
94
60
42
18
39
32
7
20
10
11
100
43
57
19
15
4
334
31
303
341
115
225
30
2
28
153
92
61
53
34
19
13
15
2
11
6
5
75
36
39
12
12
1
145
9
136
389
117
271
44
3
41
158
93
65
47
32
15
19
17
2
14
9
5
78
36
43
10
12
176
9
167
1
86
58
27
4
1
2
38
24
13
1
6
9
-4
(*)
0
(*)
6
4
1
0
0
0
37
20
17
3
1
2
-3
5
—8
1
36
25
11
1
12
13
-1
(*)
(*)
0
8
1
46
(*)
46
42
22
20
3
1
2
-1
5
-6
1
(*)
1
16
1
15
33
18
15
38
(*)
37
6
3
2
3
1
1
Developing countries
Royalties & license fees.
Other
_
Latin America
Royalties & license fees
Other .. .
of which Mexico
Royalties & license fees.
Other
Other Africa
Royalties & license fees...
Other
Middle East. ..
Royalties & license fees
Other... ..
95
65
31
78
17
61
121
113
(*)
Other Asia and Pacific
Royalties & license fees
Other
91
30
61
26
(*)
26
International and unallocatedRoyalties & license fees...
Other
51
8
43
22
(*)
22
36
25
11
(*)
(*)
2
1
(*)
1
1
(*)
3
5
-2
17
13
4
(*)
(*)
(*)
(*)
(*)
3
1
2
1
15
6
9
"Less than $500,000 (±).
D Suppressed to avoid disclosure of data of individual companies.
1. Royalties and license fees consists of payments for the sale or use of intangible property
(*f
1
1
(*)
1
i
77
3
73
( *)
113
73
41
99
19
80
56
(*)
56
97
66
31
8
1
7
126
5
121
31
1
30
8
3
5
(*)
7
2
5
22
2
20
120
36
84
29
16
7
9
13
(*)
12
52
6
46
19
(*)
19
30
45
29
17
(*)
1
2
2
(*)
10
8
2
1
1
17
14
4
(*)
1
4
0
4
(*)
(*)
(*)
(*)
1
2
3
15
6
9
(*)
86
(*)
86
4
38
4
35
19
5
14
14
1
13
such as patents, processes, trademarks and copyrights; "other" consists of management fees,
service charges, film and television tape rentals, and rentals for tangible property.
SURVEY OF CURRENT BUSINESS
46
August 1976
Table 12.—U.S. Direct Investment
[Millions
1966
1968
1967
1970
1972
Line
1973
1974
1975
Direct investment position
1
2
3
4
All areas
Petroleum
Manufacturing
Other
51,792
13,893
20,740
17,160
56,583
15,189
22,803
18,591
61,955
16, 622
25,160
20,174
68,201
17, 720
28, 332
22,149
75,456
19, 730
31,049
24,677
83,033
22, 067
34,359
26, 607
90,467
23, 974
38, 325
28,168
103,675
27, 313
44, 370
31,992
118,819
30,195
51,172
37,452
133,168
34,806
56,039
42, 323
5
6
7
8
Developed countries
Petroleum
Manufacturing
Other.
35,290
7,661
17,214
10,415
38,708
8,493
18,912
11,303
42,088
9,159
20, 721
12, 208
46,658
9,859
23, 285
13,513
51,819
11,205
25, 572
15, 042
56,950
12, 544
28,320
16,086
62,060
13, 542
31, 558
16, 959
72,214
15,911
36, 550
19, 753
83,025
18, 334
41,973
22, 719
91,139
20,336
45, 601
25, 203
9
10
11
12
Canada
Petroleum
Manufacturing
Other
15,713
3,171
6,697
5,845
16, 703
3,372
7,059
6,272
17, 952
3,625
7,535
6, 792
19,578
3,881
8,404
7, 293
21,015
4,337
8,971
7,708
21,818
4,643
9, 504
7,671
22, 985
4,764
10, 491
7,730
25, 541
5,320
11, 755
8,467
28,404
5,731
13,450
9,223
31,155
6,209
14,718
10, 228
13
14
15
16
Europe
Petroleum
Manufacturing
Other
16,390
3,627
8,906
3,858
18,231
4,158
9, 867
4,206
19,851
4,434
10, 940
4,478
22, 246
4,756
12, 372
5,118
25, 255
5,481
13, 819
5, 955
28,654
6,247
15, 628
6, 779
31, 696
6,872
17, 529
7,295
38, 255
8,524
20, 777
8,954
44,782
9,960
23,990
10, 832
49, 621
11, 381
26,136
12,104
17
18
19
20
Other
Petroleum
Manufacturing...
Other
3,187
863
1,611
712
3,774
963
1,986
824
4,284
1,100
2,247
938
4,834
1,223
2, 509
1,102
5, 549
1,387
2,783
1,379
6,478
1,654
3,188
1,636
7,378
1, 906
3,538
1,934
8,417
2,066
4,019
2,332
9, 839
2,642
4,533
10, 363
2,746
4,747
2,870
13,866
5,051
3,525
5,290
14,928
5,312
3,891
5,725
16,545
5,900
4,439
6,206
17,735
6,140
5,047
6,548
19,168
6,620
5,477
7,072
20,992
7,300
6,038
7,654
22,863
7,965
6,767
8,130
25,266
8,436
7,820
9,010
28,459
8,257
9, 200
11,002
34,874
11,147
10,438
13, 290
9,752
2,456
2,973
4,323
10, 290
2,391
3,238
4,661
11,342
2,551
3,723
5,068
12,039
2,533
4,202
5,304
12,961
2,703
4, 541
5,717
14,013
2, 939
4, 995
6,080
14,897
2,979
5,620
6,297
16,484
3,043
6,456
6,984
19,491
3,564
7,541
8,386
22,223
3,370
8,553
10, 300
4,114
2,595
552
967
4,638
2,921
653
1,064
5,202
3,348
716
1,138
5,695
3,607
845
1,244
6,207
3,917
936
1,354
6,979
4,361
1,044
1,574
7,966
4,986
1,147
1,833
8,782
5,392
1,363
2,027
4,693
1,658
2,616
12,651
7,776
1,885
2, 989
2,635
2,947
3,323
3,809
4,469
5,091
5,545
6,196
7,335
7,155
21
22
23
24
Developing countries
Petroleum
Manufacturing
Other
25
26
27
28
Latin America
Petroleum
Manufacturing
Other
29
30
31
32
Other
Petroleum
Manufacturing
Other
33
-„
.
International and unallocated
,.
:
Balance of payments income
34
35
36
37
38
39
40
41
Allareas.
Petroleum
Manufacturing
Other.
Developed countries
Petroleum
Manufacturing
Other
3,467
1,339
950
1,177
3,847
1,559
1,018
1,270
4,152
1,452
88
818
546
1,579
1,657
116
850
613
127
851
679
1,735
1,055
1,362
I
4,819
1,997
1,126
1,696
4,992
1,881
1,605
1,507
5,983
2,457
1,696
1,830
6,416
2,739
1,910
1,767
8,841
4,249
2,472
2,120
17,849
11,714
2,748
3,387
9,456
3,657
2,559
3,240
1,846
162
920
765
2,436
216
1,357
863
2,775
288
1,437
1,050
2,911
204
1,621
1,086
3,875
499
2,119
1,257
4,892
776
2, 328
1,789
4,576
829
2,111
1,636
819
150
848
121
311
416
795
135
351
309
977
196
442
339
1,180
252
506
423
1, 218
311
532
375
42
43
44
45
Canada
Petroleum
Manufacturing...
Other
665
98
280
288
691
108
231
352
733
130
224
379
641
123
178 I
341 j
46
47
48
49
Europe
Petroleum
Manufacturing
Other
637
—16
453
200
730
5
526
200
520
222
955
29
602
323
1,266
36
901
328
1,505
127
922
456
1,686
10
1,084
591
2,244
196
1,358
690
2, 945
360
1,534
1,051
2,628
376
1,332
920
50
51
52
53
Other
Petroleum
Manufacturing
Other
151
6
85
59
157
3
93
62
190
4
108
78
251
10
140
101
351
29
178
144
422
40
204
178
430
59
186
185
- 654
107
319
228
767
165
288
315
730
142
248
341
54
55
56
57
Developing countries
Petroleum
Manufacturing
Other
1,946
1,229
132
584
2,171
1,382
168
621
2,430
1,580
203
646
2,652
1,684
206
762
2,340
1,496
248
596
2,712
1,895
258
559
3,079
2,213
289
576
4,729
3, 595
353
781
12,556
10,700
421
1,436
4,540
2,747
447
1,346
1,017
437
108
472
1,120
459
141 |
521 |
1,186
472
164
550
1,237
440
171
626
967
316
205
447
1,061
422
208
431
915
227
236
452
1,520
650
275
595
2,036
667
343
1,026
1,603
255
353
995
929
793
24
113
1,051 i
923
27 i
100 I
1,244
1,108
40
96
1,415
1,244
35
136
1,372
1,180
43
149
1,651
1,473
50
128
2,164
1, 987
53
124
3, 209
2,945
78
186
10,520
10,033
77
410
2,937
2, 491
94
351
69
97 I
65
320
217
495
427
237
401
339
58
59
60
61
Latin America
Petroleum
Manufacturing...
Other
62
63
64
65
Other
Petroleum
Manufacturing
Other
66
International and unallocated
1. For 1966, except for net capital outflows, the data are as reported in the 1966 census of
U.S. direct investment abroad. Net capital outflows include data only for companies that
filed in both the 1966 sample survey and 1966 census.
SURVEY OF CURRENT BUSINESS
August 1D7(>
47
Abroad, Selected Items, 1966-1975
of dollars]
i
1966
1967
1968
1970
1969
1971
1972
1973
1974
1975
1966
1967
1968
1969
1970
1972
1971
1973
1974
1975
Line
Not capital outflows
3,625
787
1,611
1,227
!
3,061
743
1,374
948
985
113
439 i
433 ;
1.835 !
593 ,
851
392
3,073
1,102
1,224
746
2,880 ',
1,174
946 '
760
2,198 1,627
595
736
960
638
502 |
393
372 i
106
11 '
255 i
3,190
924 ;
1,21(1 l
1,056'
4,281
4,738
3,530
1,492
1,940
1,613
1,263
1,564
1,163
1,527
1,234 754
4,968
1,442
1,863
1,663
7,653
1,200
2, 861
3, 592
6,307
2,803
1,300
2,204
1,791
156
918
717
1,757
206
845
707
2, 440
248
1,357
836
2, 830
29
1,987
814
3,176
575
1,528
1,073
3,176
421
1,796
959
4,532
356
2, 830
1,346
8,158
1,925
4,107
2,126
7,777
1,719
3,936
2,122
8,184
2,001
3,604
2, 579
1
2
3
4
1,989
648
840
501
3,810
1, 109
1,420
1,280
5,273
1,338
2, 191
1,744
2, 883
1,183
907
792
1,206
45
719
442
1,266
90
729
447
1,699
64
1,116
519
2,344
62
1,665
616
2,141
270
1,206
665
2,538
254
1,499
785
3,692
390
2, 396
906
6,177
1,240
3,488
1,449
5,526
1,116
3,174
1,236
5,149
841
2,728
1,580
5
6
7
8
64
73
-39
29
376
—96
2°7
245
581
106
148
327
643
-110
410
344
482
-54
125
411
627
85
285
257
650
91
334
224
834
108
442
285
1,002
111
610
280
699
159
339
201
1,023
234
574
214
1,379
276
770
333
1,867
452
1,008
406
2,214
530
1,298
385
2,227
534
1,138
555
9
10
11
12
1,894 2, 209
676
822
787
1,091
430
296
1,139
588
528
23
3,070
1,057
1,225
788
3, 793
1,023
1,602
1,169
2,265
1,262
756
247
414
-65
338
141
423
-42
285
180
617
-86
514
189
1,054
-103
870
286
1,136
49
679
407
1,215
-52
747
520
1,891
18
1,366
507
3,507
575
2,071
861
2,768
434
1,586
748
2,525
179
1,396
950
13
14
15
16
2,044 i 3,071 2,895
487
1,083
1,097
924
1,106
1,280
633
883
518
384
147
-4 '
241 ;
582
152
260
170 |
Reinvested earnings
763
301
234
228 '
1,435 i
574 i
684 ;
177
984
358
543
83
1,197 |
261
587
349
244 !
37 !
84 !
124
391
56 !
265 :
70 :
258
90
99
70
265
75
76
114
415
105
85
225
623
202
228
193
474
156
85
233
159
-53
47
165
836
425
179
231
137
-24
26
135
165
25
96
44
193
41
110
43
248
42
161
44
288
54
185
50
306
62
187
57
300
71
178
51
422
96
259
67
804
213
409
182
544
151
290
103
397
127
194
75
17
18
19
20
499
-4
237
265
757
245
264
247
1,151
531
308
313
798
309
286
202
984
458
157
368
1,302
590
284
428
1,132
645
323
164
921
24
443
454
1,676
-596
670
1,602
3,713
1,903
393
1,417
427
68
199
160
297
33
116
148
480
51
240
188
420
-62
321
161
601
71
322
208
557
102
297
158
795
42
435
319
1,568
494
619
454
1,841
423
762
655
2,928
1,158
876
895
21
22
23
24
303
-107
187
223
311
-76
197
191
708
141
275
292
385
32
215
138
579
136
132
311
696
210
228
258
272
21
288
-37
654
-54
360
348
2,208
418
565
1,225
1,347
-233
265
1,315
30<J
23
174
113
202
11
83
108
361
19
209
132
331
-51
263
118
453
41
259
153
373
26
246
101
645
20
364
262
991
155
476
360
1,109
95
568
446
1,462
89
773
601
25
26
27
28
196
104
50
42
446
321
68
57
444
390
33
21
412
277
71
64
405
323
25
57
606
379
56
170
860
624
35
201
-532
266
78 -1,014
83
105
106
377
2, 366
2,136
128
102
118
45
25
47
96
33
41
119
32
31
56
89
— 12
58
43
148
30
63
55
183
77
50
56
150
21
71
58
576
339
143
94
732
329
194
209
1,466
1,068
103
294
29
30
31
32
62
117
102
348
226
541
409
238
-288
157
194
261
67
434
81
45
413
410
107
33
704
99
Adjusted earnings
Earnings
5,259
1,496
1,868
1,895
5,605
1,765
1,863
1,977
6,592
1,983
2,411
2, 198
7,649
2, 026
3,113
2, 510
8,169
2,456
3,133
2, 580
9,159
2,878
3,492
2, 790
10,949
3, 095
4,740
3,113
16, 999
6,174
6, 579
4,246
25, 626
13, 433
6,684
5, 509
17,640
5,658
6,163
5, 819
5,230
1,482
1,909
1,839
5,522
1,751
1,860
1,912
6,486
1,963
2, 395
2,128
7,485
1, 996
3,071
2, 418
8,023
2,405
3,141
2,477
9,002
2,835
3,517
2, 649
10, 800
3,063
4,761
2, 976
16, 940
6, 128
6,674
4,137
25, 612
13, 429
6,774
5,410
17,473
5,611
6,232
5,630
34
35
36
37
2,660
133
1,537
990
2,845
206
1,579
1,060
3,357
192
1,968
1,198
4,190
224
2, 585
1,381
4,577
485
2,563
1,528
5,313
541
2, 937
1,835
6, 603
594
4,017
1,992
10,052
1,739
5,607
2, 707
10,418
1,891
5,502
3,025
9,725
1,669
4,840
3,216
2,664
125
1,580
958
2,792
189
1,583
1,020
3,277
164
1,954
1,159
4,065
180
2, 557
1,328
4,458
404
2, 579
1,475
5,181
460
2, 964
1,757
6,465
502
4,036
1,927
9,975
1,626
5, 691
2,658
10, 383
1,773
5,596
3,015
9,683
1,620
4, 916
3,146
38
39
40
41
1
1 , 294
183
565
546
1,341
199
565
576
1,567
237
665
664
1,643
234
788
621
1,518
309
617
592
1,871
355
885
630
2,174
411
1,121
642
2, 844
648
1,460
746
3, 394
782
1,804
808
3,445
845
1,670
931
1,287
188
583
516
1,301
201
558
542
1,514
239
649
625
1,570
236
766
568
1,452
303
605
543
1,803
354
882
568
2,113
416
1,110
587
2, 795
659
1,449
687
3,344
796
1,811
738
3,399
865
1.684
850
42
43
44
45
!
1 , 050
-81
791
341
1,153
-37
811
379
1,352
-93
1,033
412
2,008
-74
1,473
610
2,401
85
1,581
735
2,721
75
1,670
976
3,577
28
2, 451
1,098
5,751
771
3, 429
1,551
5,713
794
3,120
1,799
5,154
555
2,728
1,870
1,062
-90
809
342
1,141
-52
817
376
1,329
-116
1,033
412
1,971
-104
1,466
609
2, 374
33
1,605
736
2,680
14
1,693
972
3,530
2,478
1,098
5, 733
678
3,487
1,568
5,738
693
3,188
1,857
5,164
502
2, 772
1,890
46
47
48
49
316
31
181
104
351
43
203
105
438
47
269
122
539
64
325
150
658
91
366
201
72°
111
381
229
852
155
445
252
1,458
320
728
410
1,311
316
578
418
1,127
269
442
415
315
28
187
100
351
40
208
103
435
41
272
122
523
49
324
150
632
67
369
196
697
92
389
217
823
133
448
242
1,447
290
754
403
1,301
284
598
419
1,119
253
460
406
50
51
52
53
2, 373
1,297
331
744
2,469
1,415
284
769
2,909
1,632
444
834
3,072
1,622
528
923
2,941
1,567
570
805
3,269
1,997
555
717
3,874
2,255
724
895
6,297
4, 089
972
1,235
14, 397
11,123
1,183
2, 091
7,469
3, 905
1,323
2,241
2,352
1,297
330
725
2,452
1,424
277
751
2,889
1,641
441
807
3,044
1,640
515
889
2,926
1,601
562
763
3,264
2,047
554
663
3,888
2, 327
725
836
6,339
4,176
983
1,180
14,468
11,281
1,178
2,010
7,382
3, 912
1,316
2,153
54
55
56
57
1,326
460
282
584
1,322
470
2';4
628
1,546
492
373
682
1,568
389
434
744
1,421
357
464
600
1,434
447
455
532
1,560
247
600
713
2,511
805
751
955
3,145
762
912
1,471
3,066
345
1,126
1,595
1,306
461
278
567
1,297
472
215
611
1,519
494
365
659
1,526
393
419
715
1,375
359
454
562
1,384
447
452
485
1,509
248
599
662
2, 479
813
759
907
3,065
765
907
1,393
3,002
348
1,117
1,536
58
59
60
61
1,047
838
49
160
1,147
946
60
141
1,363
1, 140
70
152
1,504
1, 232
93
179
1,521
1,210
106
205
1,834
1,550
100
184
2,314
2,008
124
182
3,785
3,284
221
280
11,252
10,362
271
619
4,403
3,560
198
645
1,045
836
51
158
1,154
952
62
140
1,370
1,147
75
148
1,517
1,247
96
175
1, 551
1,242
108
201
1,880
1,600
102
178
2, 379
2,079
126
174
3,861
3,363
224
273
11,403
10,516
271
617
4,380
3,564
199
617
62
63
64
65
226
291
326
387
650
577
472
650
811
446
215
278
319
376
639
557
448
625
761
408
66
!
i
|
i
A-7
SURVEY OF CrKRKXT BUSINESS
48
August 1976
Table 13.—U.S. Direct Investment Position Abroad at Yeareiid—1974
[Millions of dollars]
Manufacturing
All
industries
All countries
Developed countries
Canada
.
Europe
-
. - _ -..
.
European Communities (9)
Belgium and Luxembourg
France
Germany
_
___
Italy
Netherlands
...
D enmark
Ireland
United Kingdom
.
_ _.. .
Other Europe
Norway
Spain
Sweden
Switzerland
Other
Total
Food
products
Chemicals and
allied
products
Primary
and
fabricated
metals
Transportation
equipment
Machinery
TransDortation,
communication, and
public
utilities
Trade
Finance
and
insurance
11,479
3,105
11,331
12,595
4,630
2,405
Other
manufacturing
Other
industries
118,819
5,790
30,195
51,172
4,365
10, 172
3,411
13, 992
7,753
83, 025
4,007
18,334
41,973
3,535
7,821
2,622
12, 003
6,698 '
9,294
885
8,113
7,309
28, 404
2, 794
5,731
13, 450
1,246
2, 049
916
2,682
2,544 i
4,013
702
1, 844
3,160
723
44, 782
37
9, 960
23,990 ,
1,884
4,757
1,546
7, 971
3,374 :
4,458 i
156
5, 473
3, 793
1,373
8,265
370
633
2,000
617
1,185
481
23
2, 956
21,214
1, 829
3, 428
4,814
1,688
1,580
87
417
7,371
1,641
75
215
317
144
156
35
17
682
4
1, 210
76
137
31!)
90
170
6
19
391
7,208
589
1, 194
1, 949
782
328
28
43
2, 293
3,065
3,780 |
97
824 '
431
181 i
(D)
6
95
1,631
10
14
10
1
1
59
782
2, 205
232
157
610
80
113
1
4
1, 009
(D)
516
1, 107
108
(D)
2
-3
1,150
2, 892
457
613
440
204
301
74
2,776
247
761
550
795
422
243
(*)
138
20
58
26
447
335
142
63
38
53
39
59 : 2, 581
1, 588
218
281
124
10
0
0
3
1, 695
403
208
381
81
623
66
11
1,377
132
35, 453
2,945
4, 902
7, 971
2,680
3,257
688
472
12, 537
. _
Mining
Petroand
smelt- leum
ing
0
-4
-1
4
1
1
9, 329
711
1,395
1,041
4, 679
1,503
-Sg
543
691
383
546
10
245
1, 221
159
66
86
:
310
763
(*)
(»)
(D)
69
(*)
677
40
'•
:
i
D 114
((D))
12
(*)
i
4
1
133
;
43
178
86
2, 164
135
55
65
94
78
46
5
9
262
146
Japan
3, 319
0
1,367
1, 520
90
327
18
775
128
182
29
280
50
Australia, New Zealand, and South Africa
6,520
1,175
1, 275
3, 012
315
688
142
576
650
641
-2
516
306
237
4,711
346
1,463
952
781
2, 256
120
636
209
545
26
116
103
1
39
436
8
132
517
445 i
-2
309
52
156
268
4
34
147
42
48
28,459
1,784
8,257
9,200
830
2,351
790
1,989
2,185
693
2,631
3,733
2,161
19, 491
1,131
3,564
7,541
674
1,937
654
1,491
973
1,813
473 •
2, 003
3, 423
1,356
729
50
94
25
18
83
-1
412
21
2, 036
147
244
1,434
118
743
(*)
53
973 i
142
481
-5
4
240
-2
20
91
1
(*)
•
(D)
160
637
23
143
469
10 I
42
216
C>)
23
1,466
56
279
(*)
93
65
623
10
134
45
160
1,136
68
183
448
643
56
159
(*)
19
191
6
46
56
66
44
1,751
70
363
5
7, 083
737
2, 578
44
366
2. 173
115
155
620
177
116
1,957
220
140
Australia
New Zealand
South Africa
Developing countries
Latin America.
-
.. . . .
Latin American Republics
Argentina _ _ _
Brazil
Chile
Colombia
Mexico _
- _ -__
Panama ... _
_
Peru
Venezuela- .
Other Central America
Other
_
_ ._
__ .
Other Western Hemisphere
Bahamas
. .
Bermuda
Jamaica
Other-.
Other Africa
--_ _ _
-
Liberia
Libya
Nigeria
Other
Middle East
.. .
Iran
Other.-
1,528
178
2, °33
439
259
551
238
1,185
19
0
(*)
420
2, 215
3
350
706
718
2, 746
International and unallocated
402
4
0
284
114
4, 519
India
_
Indonesia
Philippines. _.Other
7 335
D
58
18
55
239
659
4, 895
766
2, 251
609
1,269
-561
Other Asia and Pacific-
*Less than $500,000 (±).
14, 597
1,138
3,760
287
617
2, 854
1,604
900
1,804
683
949
78
31
(D)
994
459
93
107
213
46
1 , 346
165
18
11
8
20
144
0
0
1
17
1,613
137
3
-624
2, 237
49
88
211
1,734
1 , 356
(*)
(*)
17
103
543
209 :
491 |
86
408
135
1,105
(*)
237
71
337
711
•
;
:
i
1,793
198
450
18
133
652
95
24
145
"54
24
!
63
109
<)
15
194 i
1 i
17
42
(D)
17
3
(D)
3
0
0
0
1
0
0 '
0
(i>)
i
3
16
32
1
338
67
91
13
96
138
(*)
!
(i>)
i
(*)
;
-1
i
0 '
8 ;
76
11
1»
(D)
;
4
4
23
354 I
(n)
(D)
1,642
(D)
44
36
(D)
26
49
116
34
31
1
63
5
13
49
4
(D)
37
75
339
—9
348
15
8
!
32
14
60
295 ,
163 |
520
186
349
i
5
-1
96
419
s
6
53
119
14
36
59
240
1,527 ;
586
1,554
64
44
D
130
46
2 ;
9
;
14
81
314
32
94
~68
134
(*)
(»)
66
456
16
(D)
(D)
(i>)
(0)
54
400
456
54
244
42
40
39
33
(n)
i
'
12 i
-3 !
0 i
0
62
(*)
-1
1 |
397
11
18
129
14
34
43
-2
31
67
51
( )
(D)
(u)
0
29
8
Suppressed to avoid disclosure of data of individual companies.
(*)
3
• 48
3 605
(*)
1
4
8
(*)
100
56
54
|
!
D
38
59
135
5
6
70
5
8
0
0
19
(*)
(D)
(U)
!
1,056
42T
144
( D)
(D)
(I>)
( )
113
(*)
:
;
D
( )
134
SURVEY OF CURRENT BUSINESS
August 1976
49
Table 14.—U.S. Direct Investment Position Abroad at Yearend—1975
[Millions of dollars]
Manufacturing
All
industries
All countries
133, 168
Mining
Petroand
smelt- leum
ing
Total
Food
products
Chemicals and
allied
products
Primary
and
fabricated
metals
Machinery
11, 172
Transportation
equipment
Other
manufacturing
Transportation,
communication, and
public
utilities
Trade
Finance
and
insurance
Other
industries
6,551
34,806
56, 039
4,716
3,649
15,664
8,418
12,420
3,333
12, 422
14,731
91, 139
4,407
20,336
45, 601
3,813
8,512
2,784
13,339
7,221
9,932
950
8,875
8,155
Canada
31, 155
3,058
6,209
14, 718
1,364
2,284
1,010
3,064
2,692
4,305
761
2,023
3,542
844
Europe
49, 621
41
11,381
26, 136
2,023
5,170
1,586
8,863
3,730
4,764
156
5, 999
4,244
1,666
39, 081
3,314
5,792
8,756
2,622
3,386
635
644
13, 932
14
0
-6
-1
8
1
1
1
11
9,546
388
971
2,167
594
1,162
383
41
3,840
22, 903
2,013
3,859
5,353
1,719
1,690
106
563
7,601
1,749
78
261
298
164
153
D
( D)
( )
721
4,660
681
592
780
420
569
18
332
1,268
1,220
76
129
350
59
187
4
19
396
7,979
722
1,421
2,116
784
404
D
( D)
( )
2,437
3,256
123
561
1,319
113
i
4.
1,070
4,038
332
895
490
180
300
7
123
1,710
84
4
5
18
10
2
-1
(*)
46
3,058
478
707
479
154
319
80
29
811
2,537
360
175
648
68
136
D
( D)
( )
1,134
939
72
81
91
68
76
D
( D)
( )
490
10, 540
778
1,748
1,131
5,181
1,702
27
(DD )
( )
0
0
3
1,835
442
253
372
72
696
3,233
262
981
606
918
466
274
(*)
161
(D)
(D)
28
510
(D)
189
75
91
D
( )
365
146
80
42
53
44
884
(D)
265
313
149
(D)
474
(*)
161
(DD )
( )
5
725
43
125
141
267
149
72
11
15
1
44
2,941
23
210
110
2,424
173
1,706
2
75
14
1,466
149
111
(DD )
( )
13
301
171
3,328
0
1,314
1,564
91
365
19
784
124
180
35
291
76
48
7,035
1,308
1,432
3,183
335
693
169
628
675
683
2
562
293
259
Australia _
New Zealand
South Africa .
5,090
368
1,578
1,063
(DD )
( )
888
139
405
2,367
116
700
223
25
86
546
27
120
123
2
44
466
8
153
531
41
103
477
13
193
_2
(*)
(*)
326
53
183
286
(D)
162
43
54
Developing countries
34,874
2,145
11,147
10, 438
903
2,659
865
2,326
1,196
2,488
738
3,030
4,977
2,400
22, 223
1,472
3,370
8,553
725
2,194
717
1,742
1,109
2,066
478
2,311
4,605
1,435
16, 527
1,122
4,563
299
648
3,177
1,825
1,212
2,065
694
921
1,012
(D)
131
13
17
80
-1
700
(D)
27
19
2,195
142
292
(D)
62
21
105
242
861
117
(D)
7,985
733
3,105
49
380
2,433
122
166
678
194
126
691
44
171
-1
22
222
7
41
69
70
45
1,965
172
537
(D)
134
722
99
28
167
54
(D)
1,671
1,109
174
564
(D) 2
261
(*)
(D)
83
(D)
187
779
23
148
524
(DD )
( )
234
40
D
( )
402
8
22
129
13
35
39
-1
32
66
58
2,006
89
398
27
64
465
525
61
281
50
47
1,709
(D)
347
3
97
57
717
10
146
50
(D)
1,217
58
268
(D)
16
86
319
34
(D)
191
133
5,696
776
2,949
655
1,316
460
(D)
0
( DD)
( )
1,175
(D)
110
(D)
948
567
96
D
( )
219
(D)
34
5
6
12
11
229
56
D
( )
13
(D)
76
11
20
304
95
153
8
48
2,896
346
2,476
10
63
218
144
(D)
28
(D)
486
1,337
66
85
59
133
56
48
2
7
8
2
19
55
33
1
9
16
28
12
60
99
495
10
18
4
7
53
18
81
8
487
Developed countries
..
European Communities (9)
Belgium and Luxembourg
France
Germany
______
Italy
Netherlands
Denmark
_
Ireland
United Kingdom _ _ _ _ _
Other Europe.-Norway
Spain
Sweden.- _ - _
Switzerland
Other
Japan .
..
. __
__
__
_
___
_
._
..
______
...
.. _
Australia, New Zealand, and South Africa.
..
Latin America
Latin American Republics
Argentina
Brazil . . .
Chile
Colombia
Mexico
Panama- - _ _ _ - _ - . _
Peru
Venezuela
Other Central America. _
Other
Other Western Hemisphere
Bahamas. _ _
Bermuda
...
__.
Jamaica
Other
Other Africa.
...
..
_
.
. . .
______
_. _ _
2,397
Liberia
Libya
Nigeria
Other
303
(D)
553
(D)
Middle East
4,508
Iran
Other .
-93
4,601
Other Asia and Pacific
5,746
India
Indonesia
Philippines. _..
Other .
364
1,612
733
3,038
International and unallocated
"Less than $500,000 (±).
...
D
7,155
D
( )
0
(*)
(D)
( DD)
( )
501
699
231
68
130
9
13
224
(*)
19
43
(D)
17
D
88
924
-1
60
481
(D)
7
83
(D)
7
1
71
-2
D
( )
2
(D)
26
71
5
3
13
10
0
0
3
68
D
(D)
u
( )
(*)
(D)
170
(D)
(D)
0
0
1
(*)
( )
(D)
0
0
(*)
0
2
3
(*)
°0
(*)
(D)
0
0
(D)
0
0
0
D
(D)
(D)
(D)
(D)
(*)
38
6
(*)
(D)
(D)
88
( )
D
( )
0
(*)
(D)
5,286
2,816
(D)
( DD )
( )
64
5
3,673
164
( )
58
8
55
5
-191
3,864
61
103
(D)
(*)
21
37
1
7
13
41
181
2,766
144
381
69
524
65
306
182
575
215
(*)
( DD)
( )
19
79
8
2
103
30
99
21
104
158
16
20
81
7
•21
414
3
46
44
103
113
4
11
26
142
( DD)
( )
100
461
7
5
68
135
50
(D)
224
517
1,599
70
(*)
1,298
135
1,255
1,489
254
94
339
803
3,324
Suppressed to avoid disclosure of data of individual companies.
38
(*)
12
49
1,645
337
(D)
SURVEY OF CURRENT BUSINESS
50
August 1976
Table 15.—Net Capital Outflows—1974
[Millions of dollars]
Manufacturing
All
industries
All countries
7,653
Developed countries
Canada
Europe
_
-.
European Communities (9)
Belgium and Luxembourg .. ..
France
Germany
Italy
Netherlands
_ __ .
.
Denmark
Ireland. '
United Kingdom
Other Europe
Norway
Spain
Sweden.. .
Switzerland ..
Other
.
. .-
....
Mining
and
Petrosmelt- leum
ing
Total
Food
products
Chemicals and
allied
products
Primary
and
fabricated
metals
Machinery
2,861
282
530
124
878
354
693
12
1,096
2,340
2,191
259
270
93
711
297
560
-19
692
879
92
643
45
-110
410
44
31
37
97
84
117
-21
49
289
-17
3,793
-4
1,023
1,602
184
252
62
523
173
408
12
543
511
106
1,405
142
283 !
266 j
122
104 !
13
35
439
184
11
29
49
4
29
D
( )
(D)
57
243
99
8
35
—12
27
-5
36
56
68
-4
9
19
7
9
480
22
126
104
79
-3
D
(D)
( )
149
81
348
( DD)
( )
76
42
(D)
D
( )
(D)
101
13
360
79
84
70
29
54
D
( )
(D)
29
327
-10
22
111
10
111
-1
(*)
84
197
7
83
26
70
10
183
1
20
8
147
6
184
(*)
12
2,750
301
390
123
336
515
115
51
920
0
-1
0
(*)
(*)
(*)
(*)
(*)
578
(D)
D
( )
-338
152
234
97
6
361
1,044
199
234
71
388
152
-4
(D)
2
0
0
(D)
444
192
114
(D)
1
(D)
(*)
0
424
6
60
1
173
176
62
159
51
1
8
-87
(D)
(D)
100
11
62
-252
-596
670
-323
418
565
1,676
2,208
Latin American Republics
Argentina _ . .
Brazil
Chile
Colombia
Mexico
Panama
Peru
Venezuela
Other Central America
Other
345
19
509
-156
-13
193
-136
114
-343
82
76
-237
1
3
( DD )
( )
-25
-1
-3
(D) 9
Other Western Hemisphere . . . .
Bahamas
Bermuda
Jamaica
Other
1,863
167
1,699
-12
<)
-86
Liberia,
Libya
;
Nigeria
Other .. _ _ .. _ _ .
-364
33
__2
-370
-25
(*)"
6
( DD)
()
(D)
(D) 0
0
32
-193
(D)
2
-16
3
(D)
101
(D)
35
(D) 1
-5
( )
-3
(D)
-423
10
D
D
6
-534
13
Iran
Other
-708
237
(*)
(D)
(D)
10
3
India
Indonesia
Philippines
Other
International and unallocated
303
-6
-194
24
480
( )
0
32
(D)
6
704
* Less than $500,000 f±).
Suppressed to avoid disclosure of data of individual companies.
n
-56
(l>)
— 260
11
(")
458
(D)
(D)
(D)
(*)
(*)
145
23
(D)
5
17
(D)
(D)
(D)
95
63
(D)
18
6
15
-9
52
1
23
20
2
13
(D)
(*)
(*)
53
8
34
55
(D)
(D)
(D)
168
57
166
34
(*)
—2
260
31
20
219
D
( )
14
53
-4
21
80
(D)
9
3
13
5
(D)
( DD )
(D) *
3
(D)
(D)
4
1
1
9
(*)
(*}
(°)
0
0
0
( Dn )
( )
(*)
(D)
34
(D)
(*)
1
-1
(*)
(*)
(D)
1
3
32
(*)
(*)
6
5
22
14
(*)
(D)
(D)
2
0
0
0
3
0
0
0
0
1
1
21
1
0
132
2
372
1,278
107
8
249
1,196
( )
(*)
(D)
-1
-1
24
D
( )
(*)
14
(D)
6
16
254
10
131
1
9
62
19
5
3
11
3
D
(*)
_9
1
D
(D
)
( D)
( )
-5
-8
-8
2
9
9
(D)
8
3
0
D
-8
-1
(D)
D
( )
1
6
(*)
-1
3
(*)
1
j
3
1
1
-10
2
-1
D
( )
1
4
(*)
-1
( )
(*)
(*) •
(D)
3
9
(D)
(D)
3
9
(*)
(*)
17
0
0
0
0
0
0
—4
p
0
(*)
( )
3
136'
(*)
4
24
(D)
(*)
4
-1
(*)
( )
D
( )
(D)
(D)
D
(D)
(D)
(*)
0
19
(*)
( DD )
( )
0
18
(*)
( DD )
( )
14
(*)
3
D
20
18
95
( )
(*)
(*)
(D)
(*)
(D)
(*)
(D)
D
( )
1
50
(*)
(D)
6
-150
(*)
3
(D)
(D)
(D)
.
40
(D)
(D)
17
16
17
13
(D)
9
<*)
3
-1
-1
1
(D)
31
1
(*)
(*)
(*)
(*)
(*)
76
9
(*)"
0
0
(D)
( DD )
( )
(D)
60
(*)
( DD )
( D)
( D)
( )
67
(D)
(D)
15
(D)~
(*)
13
11
3
91
0
42
D
(D
)
( )
4
20
2
-2
(D)
43
(D)
6
-3
5
-1
-1
(*)
6
-11
23
1
-1
(*)
(*)
29
-6
( DD)
( )
(*)
39
2
4
(*)
(*)
D
(D
)
( )
-16
2
( DD)
( )
(D)
295
-51
( )
82
26
13
41
3
-2
9
9
D
3
(*)
(*)
1
5
(*)
0
(D)
1
18
-471
D
(D)
19
3
4
(*)
(D) 9
611
(D)
( Dn )
( D)
( )
( )
-3
( DD )
( )
9
(*)
(*)
560
16
269
-4
14
156
18
6
46
23
Middle East
Other Asia and Pacific
Other
industries
1, 338
397
Other Africa
Finance
and
insurance
1,200
439
Latin America.
Trade
100
-152
Australia, New Zealand, and South Africa
Developing countries
Other
manufacturing
5,273
Japan.
Australia
New Zealand
South Africa... - -
Transportation
equipment
Transportation,
communication, and
public
utilities
(D)
202
95
(D)
(D)
(D)
52
-10
(D)
5
23
11
21
( DD )
( D)
( )
(°7~
1
97
14
4
9
D
( )
(*)
(D)
1
( DD )
( D)
( )
4
1
26
-23
(D)
(D)
24
42 |
,02
2
(D)
10
2
-3
99
6
33
(D)
30
32
183
(*)
2
25
7
2
1. Data have been revised and may differ from data published in "U.S. International
Transactions: First Quarter 1976," in the June 1976 SURVEY OF CURRENT BUSINESS.
SURVEY OF CURRENT BUSINESS
August 1976
51
Table 16.—Net Capital Outflows—1975
[Millions of dollars]
Manufacturing
All
industries
All countries
Developed countries
-
Canada
Europe
-
European Communities (9)
Belgium and Luxembourg. .
France
Germany
Italy
Netherlands
-Denmark
Ireland
United Kingdom
-Other Europe
Norway
Spain
Sweden
Switzerland
Other
_
.
..
-.
- ..
- -
---
.
.
.
Japan
Australia, New Zealand, and South Africa. .
Australia
New Zealand
South Africa
..
Developing countries
...
--
Latin America
..
Latin American Republics..
Argentina
Brazil .
Chile ....
Colombia
Mexico
Panama
Peru. - ..
. ...
Venezuela
Other Central America
Other
..
__
. ..
Other Western HemisphereBahamas
Bermuda-. .. ...
Jamaica
Other
Other Africa
-
....
Liberia
Libya-.-.
Nigeria
Other
....
i
L
......
India..
Indonesia
Philippines
Other.-..
International and unallocated
Machinery
Transportation
equipment
Other
manufacturing
Finance
and
insurance
Trade
Other
industries
2,803
1,300
88
314
22
389
209
278
59
153
1,251
193
205
1,183
907
82
192
19
304
147
165
-4
60
340
191
482
101
-54
125
-5
64
-14
105
-32
8
6
54
163
86
2,265
6
1,262
756
78
97
20
217
167
178
-16
-27
167
116
1,173
25
(D)
299
(D)
-98
-93
19
808
543
89
142
131
26
11
D
( D)
( )
87
71
2
45
6
4
4
81
15
12
35
-1
(*)
-4
17
-18
16
(*) 2
210
53
56
37
35
7
(D)
(D)
19
163
(D)
21
37
6
(D)
(*)
5
74
-30
-28
(D)
42
(D)
-32
(D)
-4
45
159
67
9
29
7
24
D
(D)
( )
26
(D)
20
22
-1
-7
(D)
(D)
(D)
213
-2
165
7
47
-5
8
(D)
( )0
0
(*)
89
35
36
-7
-12
37
-40
0
-87
37
7
54
2
-34
177
98
63
-11
2
-24
11
16
104
20
63
77
(*)
21
39
(DD)
( )
-35
-6
30
-2
-2
6
-22
1
-2
11
1
-1
16
-7
(DD)
( )
-16
(D)
D
( )
3,713
342
1,903
393
6
122
3
86
61
1,347
309
-233
265
-10
101
6
51
770
-55
332
17
22
31
-11
305
215
-3
-82
250
(D)
17
D
( )
1
-13
(*)
(D)
(D)
4
(D)
159
(D)
10
(D)
3
(*)
5
(D)
257
(D)
-133
189
-45
197
7
5
23
-12
5
-2
10
2
-7
-10
26
-14
37
(D)
(*)
4
(D)
1
4
-2
(D)
-1
-3
7
1
-1
3
55
-9
52
576
4
463
41
69
59
(D)
0
(D)
(D)
-392
(D)
-303
( DD )
( )
75
-1
( )
3
(D)
36
-113
1,930
173
372
504
-26
-102
-72
60
1,020
(D)
334
41
240
11
-45
87
(D)
D
0
0
0
4
( )
(*)
(*)
(D)
D
18
0
D
( )
(D)
0
0
1
(*)
(DD )
( )
303
(D)
2,034
D
57
(DD)
( )
7
(*)
7
( DD)
( )
!?6
1
-4
(*)
(*)
-2
-1
-1
(*)
-1
(D)
16
17
3
-1
(D)
(D)
(D)
(D)
D
( )
(*)
(D)
20
(*)
-17
( DD)
( )
2
(D)
0
0
(*)
(D)
(*)
D
20
( )
414
1,620
14
6
D
-3
215
52
*5
5
110
-13
102
0
-5
(*) 2
-4
67
-5
157
4
31
-15
32
(*)
4
-1
2
-283
Suppressed to avoid disclosure of data of individual companies.
(D)
21
-2
(D)
3
(D)
( DD )
( )
(*)
(*)
(*)
(*)
3
4
D
( ) "
7
0
0
7
0
12
1
-1
(D)
-1
(*)
8
147
0
( DD)
(D )
( )
D
_2
(D)
6
( ) "
(*)_9
(*)
(*)
45
(*)
-5
(D)
( )
-1
5
1
11
5
(DD)
( )
-19
15
10
24
-30
(*)
22
-14
19
(*)
2
6
2
60
-7
103
914
-5
56
-4
45
(D)
-1
2
1
(D)
4
1
0
60
-5
58
2
2
3
97
(D)
41
4
3
-11
36
1
" 5
3
(D)
_2
-5
1
-1
-3
6
79
16
12
3
10
30
-11
(*)
9
5
5
-4
(*)
(*)
-3
-1
24
13
8
1
2
817
46
4
(*)
(*)
0
_2
21
3
-3
18
3
2
-10
13
56
0
0
0
8
(*)
(D)
-3
(D)
(D)
(*)
(*)
948
8
17
3
2
17
7
-50
27
112
1
8
2
(D)
(*)
13
4
(*)
(*)
(*)
-17
114
0
0
0
0
0
10
4
4
-2
-1
22
0
0
(*)
( )
1
-1
0
0
-2
D
11
(D)
(D)
-4
0
(*)
2
(°)
-2
(*)
( D >
D
0
1
7
14
1
(D)
(°)
(DD)
( )
(DD )
( )
-6
4
(*)
-11
75
10
( )
(*)
204
-288
D
Primary
and
fabricated
metals
547
449
1,695
Other Asia and Pacific
Chemicals and
allied
products
2,883
2,144
Iran
Other
...
Total
Food
products
Transportation,
communication, and
public
utilities
6,307
35
-570
306
247
Middle East...
*Less than $500,000 (±).
_. -
.
Mining
and
Petrosmelt- leum
ing
(*)
(DD)
( )
0
(*)
(D)
D
3
6
(*)
(*)
( )
-3
(D)
(D)
(*)
(P)
(D)
-2
9
(°)
22
(D)
25
(DD)
()
(D)
(D)
D
(D
)
( )
0
(*)
-1
2
3
4
0
52
D
( )
1
2
-26
-4
(D)
(D)
9
6
D
(D)
(°r
9
( )
9
(D) "
7
3
(*)
(*)
15
(*)
(*)
(*)
( DD )
( )
(*)
(D)
(D)
(D)
2
22
21
49
-1
-1
3
20
3
18
16
32
13
-1
1
3
(DD )
( )
-9
51
-16
( DD)
( )
1
-28
-19
7
-1
-1
11
-36
-49
(D)
11
(D)
-49
1
SUEVEY OF CURRENT BUSINESS
52
August 1976
Table 17.—Reinvested Earnings—1974
[Millions of dollars]
Manufacturing
All
industries
All countries.
___.
__
Developed countries. .
Canada..
_
_..
.
Europe European Communities (9)
Belgium and Luxembourg
France .Germany .
.
. ... ....
Italy
Netherlands
Denmark
Ireland - _ _ _ . _
United Kindgom
Other Europe.. .
Norway
- . _________
Spain
Sweden
Switzerland .. .
Other
1,719
Total
Food
products
Chemicals and
allied
products
3,936
298
1,195
Primary
and
fabriMachinery
cated
metals
Transportation
equipment
1,305
-145
187
5,526
147
1,116
3,174
231
990
214
1,043
2,214
84
530
1,298
100
251
100
260
2,768
-2
434
1,586
121
659
97
711
1,785
126
214
226
142
393
61
75
549
-2
0
-2
0
1
(*)
0
319
-41
(D)
103
(D)
97
51
-1
138
1,289
183
199
104
183
244
3
70
303
100
2
61
5
24
9
7
4
4
50
560
107
81
78
33
116
3
36
107
601
49
63
162
114
65
( DD)
( )
138
-276
(DD)
( )
-179
8
(*)
(DD )
( )
-86
-1
115
(D)
11
(D)
(*)
86
296
31
107
95
24
40
21
(*)
27
2
-11
4
98
4
33
37
4
21
110
(D)
39
34
21
(D)
(D)
(*)
(D)
(D)
(D)
(*)
(*)
0
-1
(*)
0
0
298
(*)
(D)
9
10
12
1
2
22
35
12
9
2
(D)
518
-70
767
660
315
68
210
377
38
191
120
-48
311
8
431
208
lOal
243
(DD)
( )
10
9
43
( DD)
( )
72
6
78
6
(D)
8
(D)
40
1
5
11
66
-27
5
28
-3
(*)
(*)
(*)
62
29
4
-6
-17
1
10
6
1
30
353
2
29
6
310
5
142
(*)
-313
-37
0
73
-10
33
2
30
4
Australia, New Zealand, and South Africa
377
65
75
217
20
46
16
42
218
24
135
58
(*)
25
( DD )
( )
130
15
72
12
( DD)
( )
28
2
16
10
6
21
2
18
Latin American Republics
Argentina
Brazil.-.
. ...
Chile
Colombia
Mexico .
Panama
Peru
Venezuela
__ __
Other Central America _ _
Other
Other Western Hemisphere
Bahamas
_ __
Bermuda..
Jamaica ..
....
Other
30
39
3
14
(*)
15
1
2
29
65
(*)
23
-14
10
15
44
2
19
(*)
(*)
0
15
(*)
8
-12
(*)
-2
(D)
(D)
1
67
205
84
262
-75
218
37
247
142
189
568
51
175
69
153
-74
196
9
189
116
92
1,024
-27
359
12
28
281
191
4
97
23
56
40
5
10
1
(*)
23
(*)
1
(*)
(*)
86
(D)
44
(D)
(*)
5
4
-2
-1
( DD)
( )
538
-47
256
1
28
215
8
-5
57
19
4
45
-13
22
(*)
2
20
2
-1
8
5
-1
(D)
-74
(DD)
( )
(*)
(*)
11
(*)
-2
-3
(*)
0
196
( DD )
( )
(*)
12
47
2
1
23
2
3
4
-1
(*)
155
5
21
2
-1
33
62
7
26
2
1
115
73
-1
11
(D)
(D)
(*)
(*)
9
(D)
56
(DD )
( )
30
7
18
2
2
6
2
1
2
1
(D)
-1
-1
(*)
(*)
(*)
( DD)
( )
35
(DD )
( )
(*) A
1
10
-16
1
6
5
-4
(D)
-1
(D)
188
11
2
0
0
0
0
0
2
-3
(D)
7
2
3
0
0
(*) 1
0
0
0
-2
-5
0
(D)
1
2
0
2
0
-5
0
2
13
16
7
1
2
13
0
1
6
1
(*)
0
0
0
(D)
(D) 0
1
0
11
18
77
0
0
Other Asia and Pacific .
406
India.. _ . _
Indonesia
Philippines
Other_
19
103
42
241
(D)
762
95
410
D
1
(*)
127
7
74
95
Middle East
*Less than $500,000 (±).
1
(*)
(D)
423
1
( DD)
( )
22
International and unallocated
2
(*)
(*)
40
20
16
150
44
.__
0
4
40
231
_ _ __
13
14
1
(*)
1,841
Liberia
Libya .
Nigeria Other
Iran
Other. ._
( DD )
( )
68
6
(*)
(*)
(*)
(*)
1,109
85
-33
83
6
28
Other Africa
264
942
76
Latin America-
Other
industries
46
0
Developing countries
Finance
and
insurance
210
167
(*)
Transportation,
communicaTrade
tion, and
public
utilities
985
Japan __
Australia- - ... _
New Zealand
South Africa
Other
manufacturing
7,777
983
47
183
111
500
142
______
Mining
and
Petrosmelt- leum
ing
D
()
((*)D)
(*)
(*)
(DD)
( )
0
0
(")
13
54
1
6
69
(D)
-6
13
13
(*)
(D)
20
(*)
(D)
2
8
2
2
0
0
(*)
(D)
11
4
(*)
3
24
<D)
D
( )
(*)
(D)
(D)
0
0
2
0
2
2
(*) 10
1
4
(*)
1
1
3
g
88
(*)
(D)
6
43
9
-3
(*)
(D)
(*)
(D)
(*)
(D)
-1
(>)
1
(*)
1
(*)
14
22
5
103
(*)
23
(*)
94
11
26
19
8
29
111
(*)
(*)
12
2
8
1
6
7
-2
(*)
(*)
8
1
2
93
(*)
180
Suppressed to avoid disclosure of data of individual companies.
(*)
1
2
3
2
167
0
5
(*)
(*)
130
(*)
3
-3
(*)
2
1
1
o
-1
4
(*)
(*)
5
6
8
3
Q
(*)
(*)
(DD)
( )
(D)
50
127
(D)
(D)
63
(*)
36
60
63
31
20
(*)
(*)
(*)
20
3
(*)
5
3
47
(*)
(*)
27
3
47
4
-1
-1
1
(*)
(D)
-3
9
87
(*)
(*)
(*)
(*)
(D)
(*)
3
3
0
(D)
(*)
1
2
28
7
SURVEY OF CURRENT BUSINESS
August 1976
53
Table 18.—Reinvested Earnings—1975
[Millions of dollars]
Manufacturing
Mining
and
Petrosmelt- leum
ing
All
industries
Total
Food
products
Chemicals and
allied
products
Primary
and
fabriMachinery
cated
metals
Transportation
equipment
Other
manufacturing
Transportation,
communication , and
public
utilities
Trade
Finance
and
insurance
Other
industries
AH countries
8,184
238
2,001
3,604
271
691
224
1,278
451
689
168
906
794
473
Developed countries. .
5,149
197
841
2,728
191
492
152
1,029
375
489
69
662
424
228
2,227
156
534
1,138
122
167
107
275
180
287
52
174
138
34
2,525
-2
179
1,396
55
315
31
676
188
131
16
463
286
187
1,640
140
482
283
-20
219
19
113
404
_2
126
-7
( )
-132
(D)
74
-6
(*)
95
1,154
90
298
402
10
98
D
( )
(D)
147
31
1
1
-25
9
-6
(D)
(D)
30
267
22
-2
0
1
(*)
0
561
74
172
129
-22
68
(*)
8
133
171
21
33
210
6
-7
o
-1
-88
102
-1
50
23
-8
1
1
23
14
(D)
(*)
(D)
(*)
-4
4
(*)
0
4
106
-1
( )
5
(D)
44
(D)
12
-16
167
57
9
10
-3
-6
1
1
99
(D)
(*)
-5
-3
53
4
10
-1
3
37
242
17
52
49
77
47
24
(*)
15
(DD )
( )
2
48
1
12
6
8
22
Canada
. ... .
. .
Europe
European Communities (9)
Belgium and Luxembourg
- . .
France
__
Germany
Italy
.
..
Netherlands
Denmark .
__
Ireland...
_
United Khigdom
Other Europe
Norwav
..
Spain
Sweden
Switzerland.
Other
885
27
110
79
559
111
. .
Australia
N e w Zealand
South Africa
_ _ _ _ _
Developing countries
Latin America
Latin American Republics
Argentina
Brazil
Chile
Colombia
Mexico
Panama
Peru
Venezuela
Other Central America
Other
Other Western Hemisphere
Bahamas
Bermuda
Jamaica
_
Other
_
. .
Other Africa
Liberia
Libya
N igeria
Other
.
(*)
0
37
51
37
40
(°)
(D)
10
7
2
115
(D)
43
29
(D)
11
17
0
D
( )
(DD )
( )
(D)
-3
29
2
5
12
(D)
(*)
(*)
(D)
(*)
(*)
357
2
15
17
311
11
(
120
*>5
(*)
109
5
(D)
4
27
(D)
58
11
13
-5
-18
41
(D)
(D)
(*)
1
3
2
94
182
18
29
15
36
(D)
(D)
(*)
24
-3
5
280
1
64
41
(*)
2
68
-1
28
147
2
33
16
(*)
2
22
10
(*)
(*)
0
20
-1
5
4
a
29
1
6
1
2
2
2,928
41
1,158
876
80
199
72
249
76
200
32
294
289
238
1,462
32
89
773
72
170
58
199
76
197
12
213
259
84
1,239
53
489
-6
10
292
232
12
87
17
55
32
4
20
(D)
-1
11
(*)
(D)
(*)
(*)
(D)
50
(D)
39
(D)
1
3
45
(D)
-13
-1
-9
739
55
341
-2
8
238
18
6
60
6
7
66
10
13
-1
3
26
(*)
159
-9
56
(*)
1
71
D
( )
3
18
2
(D)
57
8
15
-1
(*)
27
(*)
2
5
-1
2
180
-22
129
-1
3
51
4
1
15
(*)
(*)
76
35
39
8
182
2
29
-3
(*)
33
80
6
29
3
2
146
(D)
27
(*)
1
2
57
(
*>6
3
(D)
83
-1
33
2
(*)
(*)
-12
(*)
0
199
32
89
(*)
3
48
D
( )
1
21
2
(D)
(*)
40
-38
(DD )
( )
(D)
34
4
20
3
7
0
0
0
0
0
-2
-3
(*)
(*)
1
31
14
15
(*)
2
113
20
( )
223
-2
241
6
-22
0
0
(*) 0
13
4
(*)
(*)
4
10
139
9
2
9
(*) 0
0
10
11
(D)
23
(D)
-4
0
7
6
0
0
(D)
44
(*)
6
11
7
2
1
1
6
1
181
(D)
(*)
19
130
0
2
20
8
-1
9
1
(*)
-1
1
1,136
-3
902
87
6
26
10
824
22
279
(*)
-4
(*)
(*)
-3
823
4
78
13
-2
14
61
(*)
-2
4
3
8
2
7
8
3
D Suppressed to avoid disclosure of data of individual companies.
(*)
0
0
18
15
81
2
1
(*)
2
1
1
4
(*)
(D)
(D)
1
11
-2
-2
-2
0
0
0
0
(*)
-2
-4
0
1
(*)
-2
0
0
(*)
(*)
10
0
0
0
-2
6
2
1
(*)
(*)
0
(*)
3
(*)
(*)
(*)
(*)
(*)
2
1
(*)
(*)
(D)
(*)
(°)
19
(*)
48
09
(*)
(*)
(*)
(*)
0
5
-2
Iran
Other
107
r)
(*)
1
(*)
(*)
3
8
(D)
9
33
28
* Less than $500,000(±).
(D)
(t)
6
(D)
(°> .5
0
2
International and unallocated .
1
13
D
43
149
India..
Indonesia
Philippines
Other
6
15
-13
1
46
Middle East
Other Asia and Pacific
(*)
52
_. .
_
(*)
(*)
(*) 0
(*) 0
D
345
Japan
Australia, New Zealand, and South Africa
6
6
4
-1
5
<*)
-1
43
-2
1
5
(*)
46
(*)
(*)
1
0
-2
3
2
1
o
8
-2
D
(D)
1
(DD)
2
0
8
30
6
2
5
2
1
-2
7
(*)
-3
11
4
10
6
4
(t)
(DD)
1
0
( )
( )
3
107
1
-1
1
°3
(*)
107
21
71
22
36
3
1
17
-1
(*)
(*)
71
°3
18
«»
67
-50
81
6
(*)
(*)
(*)
(*)
°3
SURVEY OF CURRENT BUSINESS
54
August 1976
Table 19.—Balance of Payments Income—1974
[Millions of dollars]
Manufacturing
All
industries
All countries
Mining
and
Petrosmelt- leum
ing
Total
Food
products
Chemicals and
allied
products
Primary
and
fabricated
metals
Machinery
Transportation
equipment
Transportation,
commuOther
nicamanu- tion, and
facturpublic
ing
utilities
Trade
Finance
and
insurance
17,849
680
11,714
2,748
276
686
106
769
457
456
88
879
1,404
4,892
280
776
2,328
224
496
87
704
456
360
-1
494
757
Canada-
1,180
125
252
506
79
29
85
96
Europe
2,945
-5
360
1,534
120
359
45
525
2,256
249
169
853
64
360
5
24
532
-1
0
0
0
(*)
0
0
342
(D)
14
(D)
D
( )
272
-9
-17
-49
1,352
131
127
568
102
77
3
38
305
90
5
11
38
6
4
(*)
330
69
21
62
44
46
( DD)
( )
57
42
2
4
23
3
2
688
-2
49
29
528
84
-4
0
-1
0
0
-4
17
-13
7
4
3
17
182
6
28
20
113
14
30
1
5
(*)
D
(D
)
( )
226
0
23
134
(D)
Developed countries
European Communities (9) . . _ .
Belgium and Luxembourg
France _ .
Germany
Italy
_
Netherlands
Denmark
Ireland .. .-.
United Kingdom
Other Europe
Norway
Spain
- .
Sweden
Switzerland _
Other
Japan
.
- - ..- .
- -
.
.
.
Australia, New Zealand, and South Africa
Australia
New Zealand
South Africa.
. . . _.
Developing countries
_.
-
Latin America
Latin American Republics
Argentina
Brazil
_
.
.
. ..
Chile
Colombia.. .
_
... .
Mexico
Panama
.. . __
Peru
Venezuela
Other Central America
... . .. .
Other
Other Western Hemisphere
Bahamas
Bermuda
Jamaica ._.
Other
.
.
.
Other Africa
Liberia
Libya....
Nigeria
Other
Middle East
.
Iran
Other
Other Asia and Pacific
India
Indonesia..
Philippines
Other
.
D
( )
25
(*)
(*)
12
D
( )
(*)
11
(*)
(*)
23
(*)
(D)
2
( )
295
190
(*)
361
578
486
27
64
191
42
15
1
(*)
144
232
(D)
2
(D)
(*)
2
2
0
13
173
(D)
26
(D)
6
8
D
( )
(D)
59
(*)
(*)
122
(D)
15
(D
)
D
( )
16
(D)
(D)
45
390
102
8
70
14
-16
(')
40
3
6
63
0
2
0
17
2
2
1
9
4
(*)
(*)
(*)
(*)
(*)
(*)
239
3
6
3
208
19
188
(*)
2
169
16
(*)
8
(D)
19
61
(D)
D
( )
(D)
12
D
(D
)
( )
65
(D)
2
(*)
0
(*)
(*)
0
3
211
541
160
141
153
25
36
13
28
19
32
(*)
32
22
129
1
30
(D)
-1
(D)
118
5
30
12
(D)
(D)
29
1
6
11
26
16
23
2
7
(*)
0
0
18
4
10
15
1
6
12, 556
401
10,700
421
51
190
18
65
95
8
316
635
2,036
281
667
343
44
169
16
42
(*)
73
16
175
525
1,273
74
105
8
62
112
155
43
477
57
180
179
(*)
(D)
(D)
28
39
2
23
76
(D)
13
43
7
5
39
3
9
1
1
12
(*)
3
5
3
2
(D)
12
4
3
39
4
11
0
3
16
1
(*)
70
7
12
3
153
5
16
1
(D)
12
79
5
22
(D)
3
209
20
(*) 4
10
0
68
(DD )
( )
(D)
460
21
22
(*)
-9
3
-1
-48
333
24
114
763
199
249
92
223
102
0
0
(D)
(D)
5
(D)
(D)
(D)
(D)
(D)
4
8
&
799
(D)
732
3
2
(*)
28
357
346
68
(D)
0
0
25
5
354
345
28
0
0
0
0
2
(*)
8,467
0
8,420
6
654
7,813
0
0
653
7,768
2
4
881
69
5
-2
898
-30
15
8
3
15
43
1
0
4
1
1,255
(D)
10
990
24
231
(D)
(*)
(*)
0
207
(D)
(D) 1
6
(D)
(*)
(*)
(*)
(*)
(*)
2
(D)
(*)
(*)
0
0
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
3
(*)
(*)
(*)
2
(D)
(D)
1
(D)
(*)
(*)
(*)
(D)
(*)
3
0
3
!•*)
(*)
0
0
0
0
(*)
8
0
(D)
( }
* 7
15
(*)
(D)
(*)
(*)
(*)
(*)
6
(*)
(*)
(D)
!
50
(*)
8
(*)
11
( DD )
( )
18
67
2
7
35
22
32
(D)
(D)
29
(D)
(*)
(*)
-2
7
(D)
1
2
0
0
0
0
0
2
1
0
1
1
5
1
0
2
1
22
7
7
1
6
316
151
( )
(*)
D
( )
0
1
1
7
3
(D)
0
2
0
0
(D)
D
(D)
(D)
(D)
(*)
-1
4
(*)
1
6
1
0
3
(*)
7
18
0
0
1
2
(*)
(*)
7
(*)
18
(*)
2
18
-9
127
89
(D)
°0
1
1
9
7
0
2
1
-12
11
115
3
(D
)
(D)
60
(*)
(D
)
(D)
69
12
2
1
18
w
l
(*)
(*)
0
(*)
0
0
(*)
(*)
81
(*)
(*)
3
9
A
0
17
3
75
(°)
4
77
2
(D)
,
117
0
0
0
0
22
(*)
3
( )
0
0
0
(*)
1
20
3
14
(*)
3
(*)
(*)
(*)
C )
1
4
0
0
4
0
1
R'
Suppressed to avoid disclosure of data of individual companies.
8
9
2
1
(*)
(*)
238
6
15
2
11
22
(*)
259
D
83
4
28
(*)
8
D
335
130
(D)
406
13
122
401
International and unallocated
*Less than $500,000 (±).
_
(*)
(*)
D
Other
industries
2
-1
6
15
16
10
1
SURVEY OF CURRENT BUSINESS
August 1976
55
Table 20.—Balance of Payments Income—1975
[Millions of dollars]
Manufacturing
All
industries
All countries
-
--
Developed countries
Canada
Europe
.
..
.-
European Communities (9)
Belgium and Luxembourg.. _ _ .._
France
Germany
Italy.
--- -- Netherlands ..._
D enmark
Ireland - .. _. _ _ . . . United Kingdom
Other Europe
Norway.
Spain
Sweden Switzerland
Other
..
-..
-
.
.
_
-
. ..
Japan
Australia
New Zealand
South Africa . _ _
2,559
4,576
295
829
2,111
__.
Latin America
Other Western Hemisphere
Bahamas
Bermuda
Jamaica
..
Other
...
..
-
. .
Other Africa
...
... ..
. .
Middle East
... .
Other Asia and Pacific
India
Indonesia
Philippines
Other .
. .
...
.
International and unallocated
*Less than $500,000 (±).
.
638
105
871
173
257
473
88
792
152
35
854
1,607
-9
458
693
460
350
D
D
Other
industries
302
199
D
100
311
532
116
26
109
121
( )
85
133
376
1,332
171
300
54
596
15
196
(*)
341
460
121
338
1
13
D
(D)
( )
263
-4
-17
-53
1,212
107
146
422
110
91
(DD)
( )
293
145
6
2
85
7
15
(DD)
( )
24
279
55
27
66
27
21
(DD)
( )
46
47
1
6
21
3
6
557
36
85
194
74
35
1
1
131
13
1
-7
11
2
1
-2
0
7
170
9
32
45
_2
12
(*)
(*)
380
19
28
74
30
-8
(*)
2
234
60
4
9
3
1
12
74
* -2
(*)
0
0
-1
0
3
129
13
27
(DD )
( )
13
6
(*)
36
38
45
-9
1
(*)
120
9
29
25
49
8
26
1
6
( DD)
( )
(*)
21
39
3
5
25
4
2
5
11
4
(*)
(*)
(*)
(*)
(*)
(*)
212
3
11
1
189
8
80
2
2
0
-1
0
3
(*)
12
115
(D)
62
3
2,117
143
221
705
101
371
10
28
538
°0
0
(*)
(*)
(*) 0
(*) 0
(*)
0
0
196
130
D
D
( )
133
8
107
3
23
15
1
8
4,540
147
2,747
447
55
783
19
151
3
44
156
107
-111
267
46
102
356
86
255
(*)
-26
1
7
11
304
2
76
1
29
111
9
5
53
8
8
86
0
0
( DD )
( )
102
(*)
( DD )
(D)
( )
49
1
24
( DD )
( )
6
(D)
44
80
249
-17
(D)
2,413
(*)
278
o
0
16
1
81
246
-50
2,336
(*)
-122
77
-3
77
-43
-153
(D)
n
0
0
n
4
3
15
54
(*)
(*)
(*)
(*)
81
Suppressed to avoid disclosure of data of individual companies.
82
(*)
(*)
0
0
0
0
0
(*)
(*)
(*)
1
0
5
3
(*)
(*)
5
21
50
1
14
0
4
22
(*)
(
(*)
( )
(*)
0
(D)
(
0
0
0
0
0
(*)
(*)
8
1
(*)
(*)
(*)
'\
8
(*)
(*)
0
(*)
10
22
D
1
27
1
0
0
0
0
1
5
0
4
3
0
0
2
2
23
1
14
0
0
19
°D
(*)
(*)
C)
(*)
o
(*)
(D)
31
22
74
(*)
27
(<)
o
0
13
4
8
18
2
7
( ) 2
(D)
-6
224
879
102
11
124
709
65
5
i3
113
6
18
1
5
27
29
3
17
3
4
147
( DD )
( )
(*)
4
(*)
59
1
14
8
34
6
1
0
3
2
11
4
4
2
o
561
349
( )
1
(D)
6
5
7
o
1
-1
1
6
8,
(*)
(*)
8
D
( )
D
( )
(D)
-1
2
5
8
61
1
7
\3
62
14
25
8
(*)
o
(D)
(D)
25
2
1
0
1
3
1
1
*>i
89
3
19
20
4
8
(
( )
(D)
91
20
(*)
(*)
( }
110
22
(*)
0
0
0
21
2
4
8
0
2
28
9
(*)
14
-2
5
(*)
2
5
27
(*)
51
14
o
3
3
79
16
45
4
2
(*)
(D)
12
22
6
(*)
( )
13
24
7
*
%
R(*)
(*)
(D)
0
1
(*)
12
2
(*)
167
(D>l
(*)-2
*' 2
4
4
(*)
9
3
6
1
133
88
_2
17
1
12
33
(D) o
( DD )
( )
(*)
165
(*)
221
2,115
4
104
3
57
(
6
(*) 2
(*)
7
0
3
1
3
31
(*)
0
1
7
223
2,190
0
43
-1
12
(*)
1
21
8
10
37
44
353
154
29
11
(*)
5
4
3
-98
174
13
14
(*)
( DD )
( )
(*)
(*)
13
1
5
2
24
189
1
7
( )
(*)
(*)
(*)
19
454
12
73
339
D
311
Trade
Finance
and
insurance
(*)
-1
0
0
0
820
360
198
79
183
.
Other
manufacturing
2,628
1,603
Latin American Republics
Argentina
Brazil
...
Chile
Colombia . ...
Mexico
Panama
Peru
......
Venezuela
Other Central America
Other
.
Transportation
equipment
Transportation,
communication, and
public
utilities
1,218
539
Developing countries
Iran _
Other
3,657
Primary
and
fabriMachinery
cated
metals
Chemicals and
allied
products
Food
products
442
191
Australia, New Zealand, and South Africa
Liberia.
Libya
Nigeria.
Other
Total
9,456
511
58
38
30
331
54
- - . ...
Mining
and
Petrosmelt- leum
ing
0
0
(*)
(*)
D
(D)
4
(D)
11
(*)
(
0
28
D
59
(*)
(*)
1
7
6
3
6
7
28
5
4
?!
2
43
14
\
-2
16
83
122
16
0
0
-4
(D)
HI
9
73
3
8
19
92
«.
50
172
35
(*)
(*)
(D)
0
1
10
(D)
SUEVEY OF CURRENT BUSINESS
56
August 1976
Table 21.—-Adjusted Earnings—1974
[Millions of dollars]
Manufacturing
All
industries
All countries.
_.
_.._..
.
25,626
10,418
Developed countries
Mining
Petroand
smelt- leum
ing
Total
Machinery
13,433
6,684
574
1,880
404
2,073
312
1,441
299
1,821
1,922
426
1,891
5,502
455
1,486
301
1,747
386
1,127
45
1,154
1,072
1,804
330
129
345
274
215
3,120
241
1,017
142
1,236
-18
501
8
792
786
190
7
10
62
15
11
5
4
75
891
175
101
139
77
163
( DD)
( )
164
103
7
4
31
13
14
1
2
30
1,087
75
127
354
156
81
D
( )
(D)
283
-44
-9
D
(D )
( )
8
2
D
( D)
( )
-73
416
58
D
(D )
( )
15
51
D
( )
(D)
131
6
200
(D)
(D
)
(D)
(D)
56
(D
)
(D)
56
457
76
13
98
11
-16
(*)
273
79
4
1
-10
1
21
D
(D
)
( )
48
85
8
14
9
3
150
(D)
45
(D)
34
(D)
26
0
( )
(*)
(D
)
(D)
592
5
36
10
518
24
330
(*)
8
2
296
23
141
(D)
37
(D)
74
25
56
2
95
(D)
33
62
868
3,394
209
5,713
-7
794
-2
0
-2
0
1
(*)
0
(*)
(*)
661
(D
)
(D
)
D
(D
)
( )
370
42
-18
90
3
103
52
1
32
2
D
(D
)
( )
99
207
(D)
216
371
44
82
28
70
248
21
102
25
D
(D
)
( )
58
3
22
21
47
2
20
11, 123
1,183
119
395
102
321
762
912
94
344
85
219
5
546
(D)
66
-5
0
-1
0
0
-4
Japan
393
0
Australia, New Zealand, and South Africa
919
225
624
37
257
187
1
37
D
(D
)
( D)
14,397
441
3,145
2,297
47
464
20
90
394
346
47
573
80
236
Australia
New Zealand
South Africa
_
_
_.
_ _ . _ ._ _ ...
Developing countries
Latin America _
. ...
Latin American Republics
Argentina
Brazil
_ _
Chile
Colombia
Mexico
. _ - . - . - _
_ _.
Panama
Peru...
Venezuela. ._ ...
...._.
Other Central America
Other
Other Western Hemisphere
Bahamas.
_ _ _
Bermuda
Jamaica..
Other
Other Africa.
Liberia __
Libya
Nigeria
Other.
_ _
_
_ _ _ _ _
_
.
.
...
...
. _
.
Middle East
Iran _
Other
.
Other Asia and Pacific
India
Indonesia
Philippines
Other
_
_
International and unallocated
*Less than $500,000 (±).
__ _
848
166
333
98
251
2,641
314
326
672
285
321
6
109
609
(D)
478
37
135
115
138
54
133
(D)
18
1,671
45
232
141
1, 028
226
Other Europe
Norway
__
Spain
Sweden
Switzerland
Other
(D>
5
(*)
(D)
( )
(D
198
33
(*)
69
(D
)
D
(D
)
( )
3
-50
332
(D)
(D)
102
0
0
(DD)
( )
216
-37
D
( )
(D)
172
1,029
(D)
48
373
496
112
(D)
o
0
26
D
( )
-19
295
3
51
291
(D)
8
101
26
9
(D)
(°)
D
(D)
11
3
1
2
5
(D)
8
8
( )
920
14
4
5
D
(D
)
( )
50
-5
0
3
16
0
0
(*)
3
0
8,431
21
1
672
7,890
0
0
(D)
(D)
4
17
1
236
27
10
45
154
D
1,660
( )
1,011
29
1,094
65
472
(*)
(D)
(*)
(*)
-2
992
-19
41
127
4
44
(D)
15
(D)
84
-10
31
(*)
4
32
2
2
13
8
(*)
8,562
811
Other
industries
Primary
and
fabricated
metals
Canada
-
Finance
and
insurance
Chemicals and
allied
products
Europe
4,042
375
383
1,079
205
753
66
99
1,081
Trade
Food
products
782
European Communities (9)
Belgium and Luxembourg _ _ .
France
_._
_ __
Germany
Italy...
Netherlands
Denmark _ _ _ _ _ _ _ _ _ _
_ .
...
Ireland
United Kingdom
Transportation
equipment
Transportation,
communication, and
public
utilities
(D)
(D)
(*)
(D)
18
69
3
17
91
2
23
15
2
6
(D)
(D)
11
23
(*)
3
27
(D)
2
8
3
2
(D)
(D)
0
0
4
D
( )
(D)
14
23
-2
(*)
(*)
(*)
0
7
2
(*)
(*)
(*)
1
(D)
(*)
55
9
68
4
26
(*)
(*)
32
4
19
3
2
4
327
-74
314
45
563
777
195
-75
268
25
364
640
(D)
-4
99
(*)
8
59
(D)
1
13
-75
(D
)
(D)
(*)
(*)
19
(*)
266
(D
)
(D)
(*)
19
62
2
2
(D)
3
4
15
308
11
37
-1
(D)
45
141
12
48
D
( )
4
324
12
(D)
(*)
(D)
3
151
2
(D
)
D
( )
(D)
(DD)
( )
56
(D
)
(D)
2
2
317
161
( )
1
(D)
(D
)
(DD)
( )
14
5
(D)
1
5
0
(D)
(D
)
(D)
q
D
(D
)
( )
(D)
(*)
(*)
0
(D)
0
0
0
0
0
8
(*)
(D)
0
(*)
(*)
1
3
3
"3
1
4
2
-1
(*)
1
(DD)
( )
10
2
2
11
-1
2
-1
(D)
0
0
0
0
0
0
0
-2
-5
0
(D)
(*) 11
5
1
8
1
0
1
(*)
20
42
6
125
1
(*)
16
3
12
1
9
21
-2
10
2
2
111
8
220
98
0
2
2
(*)
(*)
D
(*)
327
(D)
30
1
D Suppressed to avoid disclosure of data of individual companies.
( )
(D)
48
3
418
507
(D)
1
7
(*)
D
599
22
(*)
4
(*)
39
(D)
Other
manufacturing
(*)
(*)
(*)
0
1
3
(t)
o
6
1
.
1
1
(*)
4
9
7
(*)
D
(*)
(*)
43
(D
)
D
(D
)
( )
264
121
(D)
11
(D)
6
9
-1
(D)
(D)
10
78
23
(D
)
(D)
23
(*)
2
41
(D)
177
109
(D)
0
1
1
7
7
17
10
(*)
(D)
3
(D)
(D)
80
D
(D
)
( )
-2
1
(*)
14
162
208
104
73
78
1
38
8
SURVEY OF CUREENT BUSINESS
August 1976
57
Table 22.—Adjusted Earnings—1975
[Millions of dollars]
Manufacturing
All
industries
All countries
_
Developed countries
Canada
.
Mining
and
Petrosmelt- leum
ing
Total
Food
products
Chemicals and
allied
products
Primary
and
fabricated
metals
Machinery
Transportation
equipment
Other
manufacturing
Transportation,
communication, and
public
utilities
680
5,658
6,163
582
1,330
329
2,148
625
1,149
203
1,760
2,401
775
493
1,669
4,840
448
965
241
1,821
527
838
60
1,120
1,117
427
3,445
256
845
1,670
283
133
384
300
259
271
(D)
(D)
(D)
746
1
(D)
(*)
-4
4
i
0
6
546
75
37
84
27
-14
(*)
3
333
(D)
(*)
(*)
(D)
(*)
(*)
569
5
26
18
500
19
200
(*)
7
3
171
19
(D)
(D)
9
76
(D)
(*)
49
24
(*)
(*)
33
2
13
21
2
(*)
555
2,728
226
615
85
1,272
203
327
q
464
-6
D
( D)
( )
-72
337
-10
-17
42
2,366
196
444
824
120
188
11
142
440
176
7
4
59
16
10
7
19
55
546
50
64
117
64
62
6
91
91
69
1
12
36
-10
8
-1
1
23
1,118
110
256
323
51
103
1
9
265
184
22
26
221
8
-6
-4
-1
-81
272
7
82
68
-10
13
1
24
88
(D)
Other Europe
Norway
_
Spain
Sweden
Switzerland
Other
1,396
85
148
109
890
164
362
26
81
74
126
55
50
1
22
(DD )
( )
2
70
1
25
7
13
24
15
154
(D)
49
(D)
32
13
54
6
1
91
49
1
(*)
4
38
243
0
45
128
(D)
884
240
224
315
42
66
735
12
137
230
1
9
( )
-1
(D)
254
5
56
31
1
11
54
1
12
7,469
188
3,905
1,323
135
118
345
1,126
116
53
447
339
-100
353
63
158
33
(D)
( DD)
( )
-1
17
(*)
(D)
1
7
D
( )
203
(D)
49
(D)
6
7
48
(D)
161
11
5
1,043
57
417
-1
37
349
28
12
114
14
15
109
8
26
-1
4
46
(*)
1,043
358
440
85
161
86
0
0
D
(D)
( )
141
-38
102
( DD)
( )
83
5
44
(DD )
( )
Japan
.
.
.
Australia, New Zealand, and South Africa
Australia
New Zealand
South Africa ,
..
Developing countries
Latin America
. ..
Latin American Republics
Argentina
_
Brazil
Chile
Colombia
Mexico
Panama
Peru
Venezuela
_
Other Central America
Other
2,023
72
640
o
__
Other Western Hemisphere.
Bahamas
Bermuda
Jamaica
Other ..
Other Africa.
Liberia
Libya
Nigeria.
Other
_ ._ _ _
_
. _
_ __
Middle East
537
53
(D)
293
D
( )
0
0
(D)
1,303
...
International and unallocated
14
928
25
336
446
D
D
17
7
(*)
2
4
17
4
0
0
26
12
(D)
270
(D)
-4
0
8
13
0
0
2
2,364
17
( )
0
2
(D)
(*)
(D)
(*)
-2
(*)
(D)
(D)
5
34
89
33
(D)
6
51
1
9
364
88
328
98
310
26
518
1,168
341
304
71
250
96
288
23
337
968
149
248
-10
73
(*)
12
104
D
( )
5
30
4
(D)
71
6
20
231
-21
143
-1
7
73
4
1
23
(*)
(*)
96
39
47
288
35
108
1
13
70
(D) 2
48
3
(D)
13
295
9
47
-2
5
60
109
9
46
6
6
294
(D)
(D)
(*)
5
2
117
1
20
11
(D)
142
(*)
33
2
1
10
37
9
8
12
30
43
18
19
2
4
674
369
267
2
36
7
2
7
( DD )
( )
56
7
26
(*)
(*)
1
32
(*)
2
7
(*)
3
(*)
0
0
7
(*)
0
5
2
-1
1
14
54
-7
900
-39
-75
17
2
30
115
1
-2
9
6
9
2
12
30
(*)
(*)
23
(*)
(*)
-12
(*)
0
0
0
0
0
0
18
(*)
(*)
(*)
(*)
(*)
1
3
1
2
2
4
-3
(*)
0
1
2
( DD )
( )
10
1
1
-2
1
-1
(D)
16
0
0
0
0
-1
-4
0
2
(D)
*U
0
0
0
0
0
1
1
7
7
11
2
4
2
1
11
0
(*)
(D)
69
2
11
(*)
(*)
(*)
(D)
19
(*)
(D)
34
(*)
(*)
(*)
(*)
163
Suppressed to avoid disclosure of data of individual companies.
15
16
2
101
61
780
84
(D)
-3
( )
1
18
16
2
15
1
2
1
(D)
22
240
2,123
(*)
7
( )
(DD )
4
(*)
(D)
3
1
(D)
13
19
0
D
(D)
104
7
1
(*)
(D)
(*)
(*)
417
D
242
2,320
Other Asia and Pacific..
' __
0
-1
2,563
Iran
Other
*Less than $500,000 (±).
_
. .
_
India
Indonesia
Philippines
Other
3,066
8(*)
307
804
235
13
(DD)
( )
8
56
(D)
12
20
-3
0
-2
0
1
(*)
0
(D)
16
5,154
- -
Other
industries
9,725
3,757
283
703
988
81
589
29
142
942
-
Finance
and
insurance
17, 640
European Communities (9)
Belgium and Luxembourg. _
France
..
Germany
Italy
_
..
Netherlands
Denmark
Ireland
United Kingdom. _
_
Europe
Trade
(
1
10
5
69
-1
6
7
1
-1
63
(*)
1
(*)
i
(*)
2
(*)
0
-2
4
(D)
1
1
19
(*)
(*)
(D)
(*)
13
6
3
-3
(D)
117
33
(D)
(D) .
(*)
18
10
(D)
0
3
-1
( DD)
( )
11
46
122
(*)
11
1
45
-1
123
154
144
( DD)
( )
9
145
3
8
23
110
122
116
(*)
52
(*)
(D)
(D)
6
7
SUEVEY OF CURRENT BUSINESS
58
August 1976
Table 23.—Earnings—1974
[Millions of dollars]
Transporta1 tion,
commuOther
nicamanu- tion, and
facturpublic
utiliing
ties
Manufacturing
All
industries
All countries
Developed countries
Canada
-
- _ .. . .
Europe
European Communities (9)
Belgium and Luxembourg
France...
.
_
Germany
Italy _ _
Netherlands
.
Denmark...
Ireland
United Kingdom. . .
_ _.
..
._ . . ... .
Other Europe. . .
Norway
.....
Spain
Sweden
Switzerland
Other
Australia
New Zeala7id__
South Africa
_
Developing countries.
Latin America
Latin American Republics
Argentina
._ __ ._ .
Brazil
Chile
Colombia
Mexico.. _ __ __
.
Panama
Peru _ _ _ _ _
Venezuela
Other Central America. .
Other
_
Other Western Hemisphere _. _ _ _. __ __ _
Bahamas _ _
Bermuda
._
_ _
_ _ _
Jamaica _
Other
..
Other Africa.
__ .
Liberia,..
Libya
Nigeria
_
Other
. _ _ _
_
_
_
Middle East
_
Machinery
Other
industries
6,774
581
1,893
403
2,117
341
1,440
285
1,803
1,878
601
1,773
5,596
462
1,491
301
1,797
419
1,126
41
1,161
1,050
342
3,344
203
796
1,811
148
327
131
348
362
495
57
272
149
5,738
-7
693
3,188
239
1,022
143
1,274
2
508
801
832
4, 059
393
377
1,144
198
765
60
99
1,023
-2
0
-2
0
1
(*)
0
586
( DD )
( )
269
-96
360
38
-18
55
2,703
318
324
750
284
306
4
110
607
186
7
10
67
15
11
5
4
.68
895
178
102
153
78
149
3
69
163
104
7
4
34
13
13
1
2
28
1,122
76
127
378
157
81
D
( )
(D)
293
-26
(D)
10
51
8
( DD )
(D)
( )
-80
423
(D)
72
67
14
( DD )
(D)
( )
135
(D)
(*) 2
198
16
22
37
-3
56
( DD)
( )
58
494
96
15
97
11
22
(*)
251
(D)
( DD)
( )
-10
1
D
( D)
(D)
(D)
( )
126
4
45
38
15
24
39
152
(D)
46
51
34
(D)
29
0
84
8
2
603
5
36
10
528
24
338
(*)
8
2
304
24
149
(D)
38
(D)
81
25
(D)
36
62
(*)
52
7
(*)
(*)
29
4
19
1
2
5
(*)
(*)
-5
0
-1
0
0
-4
0
107
(D)
19
(D>
3
103
88
54
1
33
2
13
5
484
37
138
114
142
53
223
(D)
(D)
(D)
14
9
3
2
59
D
( )
(*)
(D)
-3
7
103
D
( )
(D)
13
17
D
( )
D
(D)
(*)
(*)
(D)
(*)
0
(D)
(*)
(*)
(*) |
58
(D)
(D)
46
900
225
195
375
(D)
84
25
72
48
595
38
267
186
1
38
99
(DD)
( )
252
21
102
25
4
D
( )
59
3
22
18
30
7
50
2
21
14,468
422
11,281
1,178
118
401
102
320
-78
314
42
538
756
3,065
301
765
907
93
350
85
190
-78
268
21
339
620
112
2,248
44
468
15
91
387
338
42
552
77
234
205
5
16
(*)
(*)
34
(*)
61
D
(D
)
( )
16
553
41
71
(DD )
( )
8
3
-50
333
20
124
776
-22
295
3
53
290
14
11
98
25
9
83
-10
33
(*)
253
19
69
3
17
94
8
4
23
15
2
-78
(D)
-32
(*)
(*)
(D)
(*)
-2
3
W
267
(D)
105
(*)
20
(D)
2
3
39
2
4
14
284
9
36
-1
4
40
142
12
32
6
4
313
13
- 27
(*)
(D)
3
141
2
21
D
( )
54
102
-2
23
D
( )
96
0
0
D
( D)
( )
213
-36
77
3
169
131
7
D
(D )
( )
20
11
2
1
55
29
23
1
1
307
161
126
1
19
(D)
(D)
4
14
5
(D)
0
0
1
5
0
(D)
817
160
332
88
237
D
1,026
( )
918
13
47
372
496
111
(D)
5
371
0
0
27
492
49
-5
0
2
15
0
8,439
21
0
0
664
7,775
4
17
31
2
2
12
8
(*)
(D)
(D)
(*)
D
97
6
( )
(*)
(D)
(D)
11
23
(*)
3
27
(*)
(D)
3
( )
0
0
27
(*)
0
(*)
(*)
3
3
(
*>3
1
3
(D>
(*)
(*)
7
23
1
(D)
2
-2
(D)
0
0
0
0
-5
0
(*)
3
(D)
-1
0
0
0
-2
7
1
6
1
6
1
1
1
5
1
0
1
(*)
1
6
( )
237
20
43
6
124
India _ _ _ _ _ _
Indonesia
Philippines
Other-
29
1,252
74
455
(*)
(D)
(*)
(*)
-2
1,152
-17
27
27
9
48
153
1
(*)
17
3
11
1
9
22
o
10
2
2
T10
D Suppressed to avoid disclosure of data of individual companies.
(D)
70
-1
1,159
376
o
0
0
0
0
0
D
761
(DD )
( )
( )
11
3
2
3
9
58
2
1
(D)
(*)
(D)
(*)
(*)
(*) 11
1
96
(*)
(D)
-3
(*)
0
2
2
(*)
(D)
3
2
D
(D)
(*)
3
(*)
(*)
1,809
Finance
and
insurance
13, 429
Other Asia and Pacific
*Less than $500,000 (=t).
Trade
420
670
7,898
International and unallocated
Transportation
equipment
843
8,567
Iran
Other
Primary
and
fabricated
metals
25, 612
401
Australia, New Zealand, and South Africa
Total
Chemicals and
allied
products
Food
prod*ucts
10,383
1,679
22
238
136
1,058
226
Japan
Mining
Petroand
smelt- leum
ing
8,
1
(*)
(*)
(*)
2
42
0
1
1
7
6
19
10
0
0
1
(*)
9
7
(D)
(D)
27
251
(D)
8
35
6
24
9
5
1
0
(*)
(*)
10
77
23
1
22
(*)
178
109
(D)
°U
3
10
16
80
(D)
-3
1
0
16
161
202
104
71
D
( )
(<
(*)
77
1
12
36
8
SURVEY OF CURRENT BUSINESS
August 1976
59
Table 24.—Earnings—1975
[Millions of dollars]
Manufacturing
All
industries
All countries
_
Mining
and
Petrosmelt- leum
ing
Total
Chemicals and
allied
products
Food
products
Primary
and
fabricated
metals
Machinery
Transportation
equipment
Transportation,
communication, and
public
utilities
Other
manufacturing
17, 473
630
5,611
6,232
589
336
2,177
644
1,143
185
9,683
478
1,620
4,916
454
972
248
1,858
550
834
56
Canada
3,399
243
865
1,684
169
283
137
390
313
392
Europe
Developed countries
_ _ _ _
1,343
(D)
Trade
Finance
and
insurance
Other
industries
1,736
2,327
1,118
1,075
752
419
260
212
(D)
5,164
-3
502
2,772
228
618
87
1,297
214
328
14
805
768
European Communities (9)
Belgium and Luxembourg
__
France
- . __ _ _
_ _
Germany
Italy
.
_Netherlands
Denmark
_ . _
__
Ireland
United Kingdom
_ _
3,773
275
700
1,040
73
602
30
141
912
-3
0
-2
0
1
(*)
0
(*)
(*)
432
-6
( DD )
( )
-78
339
-10
-17
19
2,406
198
445
876
120
174
12
142
441
176
6
3
70
16
10
7
19
45
547
52
64
126
65
49
6
90
94
71
1
12
39
-10
8
-1
1
22
1,141
112
251
345
51
104
1
9
268
193
21
36
221
8
-6
2
-1
-84
277
6
80
74
-12
10
1
24
95
(D)
(*)
(D)
(*)
-4
4
i
0
4
229
7
( DD )
( )
567
76
37
83
27
12
(*)
3
329
(D)
(*)
Other Europe
Norway
Spain
Sweden
Switzerland
Other
1,391
(*)
366
26
87
74
125
54
52
1
23
(DD )
( )
2
71
1
27
7
13
23
16
155
(D)
49
(D)
32
13
( )
1
70
27
1
-1
3
39
0
37
139
13
3
110
(D)
(D)
D
D
Japan
_
____
_ _ _ _ _ _
_ _ _ _ _ _
_ _
_ _
__
_ _ _
_ __
. _
Developing countries
Latin America
Latin American Republics ..
Argentina
_ ... _
Brazil
Chile
Colombia.. .
Mexico
Panama
Peru.
__
Venezuela
Other Central America
Other
_ _ _
._ _ ...
_
Other Western Hemisphere
Bahamas
Bermuda
... __ _. ...
Jamaica.
Other
.
Other Africa..
0
0
._
*Less than $500,000 (db).
576
5
28
18
508
19
201
(*)
(D)
3
173
19
(D)
(D)
10
76
(D)
(*)
43
19
(*)
(*)
0
29
2
12
18
2
-1
5
35
92
33
320
43
68
23
62
260
5
56
32
1
11
55
1
12
17
52
1
8
7,382
152
3,912
1,316
135
371
88
318
94
310
20
495
1,160
3,002
101
348
1,117
115
307
72
242
92
289
17
316
961
141
1,986
69
635
-3
54
440
336
-118
356
59
159
20
(DD )
( D)
( )
1,037
54
414
-1
39
351
28
12
111
13
15
109
8
28
-1
4
45
(*)
2
16
8
-1
251
-10
72
(*)
12
108
D
( )
6
31
4
(D)
71
6
20
223
-21
136
-1
8
74
4
1
23
(*)
(*)
92
37
47
290
35
111
1
14
70
(D)
2
46
3
(D)
12
2
2
3
274
8
42
-2
4
50
106
10
47
4
6
296
18
209
(D)
51
(D)
5
8
48
-108
162
11
6
10
81
138
-1
32
2
1
9
37
8
8
12
30
1,015
351
439
75
150
80
0
0
(DD )
( )
140
-38
102
( DD)
( )
81
5
44
4
28
7
1
56
7
26
2
21
2
6
1
1
2
2
42
17
19
2
4
665
369
267
2
27
2
-3
6
(*)
(*)
38
414
-1
3
16
10
3
0
0
1
1
7
7
7
0
1
2
( )
-1
7
(D)
2
11
45
120
1
1
(*)
11
1
45
-2
121
152
144
17
(*)
-42
(D)
D
(*)
2
4
4
17
0
0
-4
0
8
13
2,563
2
2,367
17
1
242
2,321
0
2
240
2,127
2
14
1
12
783
166
15
57
-6
910
-39
-82
17
(*)
33
116
1
-2
10
6
9
2
14
31
( )
(D)
(*)
(D)
(*)
(D)
0
0
(*)
78
Suppressed to avoid disclosure of data of individual companies.
(*)
3
(*)
(*)
(*)
32
(*)
(*)
(*)
2
7
3
0
0
(*)
(*)
0
0
1
11
0
5
2
(*)
(*)
-1
1
( )
0
(*)
(*)
(D)
(*)
(*)
(D)
22
(*)
(*)
-12
(*)
0
18
0
0
0
0
0
-2
-1
19
(*)
71
2
(*)
(*)
0
0
0
-4
0
1
1
10
2
4
1
9
1
69
6
7
1
-1
62
1
(*)
1
(*)
(
*>3
1
(*)
(*)
(*)
2
18
0
-2
4
(*)
-2
14
6
(*)
(*)
o
0
0
(*)
_2
5
(*)
(*)
( )
33
(*)
(*)
12
7
11
165
269
-31
408
12
16
(D)
(*)
(*)
(D)
(*)
(*)
217
14
935
29
323
D
(D)
-3
( )
51
6
(D)
-1
(D)
1,302
International and unallocated
(*)
1
(DD )
230
1
7
Middle East
India
Indonesia
Philippines
Other.. .
2
21
0
D
2
98
238
51
165
292
7
Other Asia and Pacific
(D)
13
7
(D)
18
872
515
.
(D)
1
(*)
725
12
136
Liberia .
Libya
Nigeria.
Other
Iran
Other--
0
-1
247
Australia, New Zealand, and South Africa.
Australia
New Zealand .
South Africa
64
156
107
900
164
56
(D)
12
21
306
-3
(*)
3
-3
-3
109
(D)
(*)
5
2
117
1
(D)
9
142
123
92
4
326
(D)
(D)
3
8
24
110
(*)
35
(D)
18
D
48
(*)
(D)
(D)
5
7
SUKVEY OF CUREENT BUSINESS
60
(Continued from page 44)
fell 29 percent. In contrast, there was a
payout ratio, occurred largley because 40 percent increase in 1974, when
an affiliate in the Far East postponed increases in petroleum prices raised
dividend payments from 1975 to early inventory profits of petrochemical affiliates. In 1975, higher prices depressed
1976.
demand
for petrochemical products,
Reinvested earnings of affiliates in
which
by
then were priced to reflect
"other" industries increased 22 percent,
the
higher
cost of petroleum-based
to $2.6 billion, despite slightly lower
raw
materials
and intermediate prodearnings. About two-thirds of the inucts.
Sluggish
business
conditions also
crease was in finance and insurance.
contributed
to
the
decline.
Partly
The dividend payout ratio fell, partly
because the 1974 ratio was boosted by offsetting the decline in adjusted earnlarge dividends paid by a finance ings of chemical affiliates was a sharp
affiliate that was liquidated in that rise for transportation equipment affiliates, whose 1974 earnings had been
year.
depressed by uncertainties in the petroleum outlook.
Adjusted Earnings
Adjusted earnings in "other" industries increased 6 percent, to $5.8
Adjusted earnings—which consist of
billion. The increase was concentrated
the U.S. parents' shares in the earnings
in finance, particularly in "Other Westof their foreign affiliates, plus net
ern Hemisphere" (tables 21 and 22).
interest on intercompany accounts, less
The adjusted earnings rate of return
foreign withholding taxes—declined 31
is the ratio of adjusted earnings to
percent, to $17.6 billion (table 8).
the average of the beginning- and
Adjusted earnings may have been end-of-year direct investment positions.
somewhat reduced by the appreciation It should be noted that the position
of the U.S. dollar, which rose 6 percent includes short-term trade-related interagainst the trade-weighted average of company loans on which no interest
OECD currencies in 1975. A more is typically paid, and thus for which
important factor was the sharp decline no return is reflected in adjusted
in adjusted earnings of petroleum affili- earnings. Also, the geographical disates, from $13.4 billion in 1974 to $5.7 tribution of rates of return may be
billion in 1975. (Adjusted earnings of affected by intercompany pricing and
these affiliates were $6.2 billion in other practices that shift profits, largely
1973.) The bulge in 1974 was centered for tax reasons, from one area to
in developing countries, particularly another. This may partly explain why
in the Middle East, and reflected the rate of return in the petroleum
increased production and sharply higher industry is higher in developing councrude oil prices. The higher prices
tries than in developed countries.
resulted in sizable inventory profits,
The adjusted earnings rate of return
as well as higher per-barrel profits on
sales. The 1975 decline was mainly was 14 percent in 1975, compared with
due to substantial increases in tax and 23 percent in 1974. By industry, the
royalty rates by host countries in late rate of return was 17 percent in
1974. The decline also reflected the petroleum, 11 percent in manufacturdampening of demand for petroleum ing, and 15 percent in "other" inproducts as a result of high prices and dustries. Although these figures are
sluggish economic conditions. Finally, lower than those for 1974, they remain
earnings of international shipping affili- higher than those prevailing in the
ates of U.S. petroleum companies fell late 1960's and early 1970's. This
sharply, as petroleum shipments decreased may be because the' higher rates of
and excess tanker capacity increased. inflation and the devaluations of the
Adjusted earnings of manufacturing dollar in the early 1970's increased
affiliates declined 8 percent, to $6.2 dollar earnings relative to the direct
billion. The decline was concentrated investment position, which is valued
in chemicals, where adjusted earnings at historical cost.
August 1976
Current-Account Balance
of Payments Items
Two types of direct investmentrelated receipts—income on direct investment and fees and royalties—are
shown separately in the current account
of the U.S. balance of payments. Fees
and royalties are excluded from investment income because they are receipts for services rendered, not returns on invested capital.
Balance of payments income consists
of net dividends of incorporated affiliates, and net interest on intercompany
debt, both net of foreign withholding
taxes, and earnings of unincorporated
affiliates. Alternatively, it is adjusted
earnings less reinvested earnings (table
9).
Balance of payments income declined $8.4 billion, or 47 percent, to $9.5
billion (table 10). Dividends declined
$1.6 billion, interest $0.1 billion, and
earnings of unincorporated affiliates
$6.7 billion.
The decline in earnings of unincorporated affiliates was in petroleum and
was primarily accounted for by one
Middle Eastern affiliate. 4 Earnings of
unincorporated affiliates in other industries increased. Dividends in each
of the three major industry groups
decreased.
Fees and royalties consist of receipts
for the sale or use of intangible property;
rentals, including film and television
tape rentals; and fees for professional,
administrative, and management services. Fees and royalties increased 15
percent, to $3.5 billion (table 11).
Over half of the $0.5 billion increase
was from the European Communities,
mainly in manufacturing.
4. The government of the Middle Eastern host country has
a participation interest in the U.S.-incorporated parent. The
effect of that government's participation on the U.S. balance
of payments accounts is discussed in "Foreign Direct Investment in the United States in 1975'' in this issue.
(Continued from page 39)
fore not comparable with those for
earlier years. For these affiliates, comparisons between 1974 and 1975 may be
especially misleading, because changes
in the market value of their security
portfolios shifted from losses of about
$400 million in 1974 to gains of about
$300 million in 1975.
Alternative Estimates of Capital Consumption Allowances and Profits of Nonfinaneial Corporations, 1973-75
Revised estimates of capital consumption allowances, capital consumption adjustment, and profits of nonfinancial corporations for
1973-75, based on alternative depreciation formulas and service lives and valued at historical and current cost, are shown in tables 1-3.
These estimates incorporate the revised national income and product account (NIPA) estimates in the July 1976 SURVEY OF CURRENT
BUSINESS. Estimates for 199-72 appear in "Alternative Estimates of Capital Consumption Allowances and Profits of Nonfinancial Corporations, 1929-75," SURVEY, March 1976. Service lives used for nonresidential structures and equipment are 100 percent of Internal
Revenue Service Bulletin F (F), 85 percent of Bulletin F (.85F), 75 percent of Bulletin F (.75F), and 100 percent of Bulletin F through 1940
with a gradual decrease to 75 percent of Bulletin F in 1960 (F to .75F). Service lives for residential assets are the same as those used in the
NIPA economic capital consumption estimates.
Table 1.—Capital Consumption Allowances, Nonfinancial Corporations: National Income and Product Account Estimates and
Estimates Based on Alternative Methods of Depreciation
Table 2.—Capital Consumption Adjustment, Nonfinancial Corporations: National Income and Product Account Estimates and
Estimates Based on Alternative Methods of Depreciation
[Billions of dollars]
[Billions of dollars]
1 Capital consumption allowances, NIPA 1
2
1974
1973
Line
70.5
- .
Capital consumption allowances
with capital consumption
adjustment NIPA 2
80.8
3
4
5
6
96 6
7
g
9
10
11
12
13
14
15
16
17
_.
.-
Double-declining balance depreciation:
F service lives
_
85F service lives
75F service lives
. -.
F to 75F service lives
Current cost valuation:
Straight line depreciation:
F service lives
75F service lives . .. _ _ . .
F to 75F service lives
..
Double- declining balance depreciation:
F service lives
85F service lives
.
- -75F service lives
F to 75F service lives
50.8
54 4
57.2
58.0
55.5
59 4
62.4
63.1
60.6
64 8
68.1
68.9
57.7
61.0
63.5
64 1
63.4
67.0
69.8
70.4
69.3
73.3
76.4
76 9
65.6
71.0
73.5
77.2
83.6
86.2
92.4
99.8
102.7
71.0
73.7
75.7
77.5
83.7
86.9
89.3
91.2
99.5
103.1
105.7
107.8
Historical cost valuation:
Straight-line depreciation :
F service lives . . . _
.85F service lives
.75F service lives
F to .75F service lives . .
2
3
4
5
_.
_.
...
.
Double-declining balance depreciation:
F service lives
.85F service lives
.75F service lives
F to .75F service lives
...
6
7
8
9
Current cost valuation:
Straight-line depreciation:
F service lives
.75F service lives
F to 75F service lives
10
11
12
Double-declining balance depreciation:
F service lives
.85F service lives
.75F service lives
F to .75F service lives
13
14
15
16
- -
Table 3.—Corporate Profits With Inventory Valuation Adjustment, Nonfinancial Corporations:1 National Income and Product Account Estimates and Estimates Based on
Alternative Methods of Depreciation
[Billions of dollars]
Line
1973
1974
1975
1
Corporate profits before deduction of capital consumption allowances, with inventory
valuation adjustment, NIPA
144 6
140 3
169
2
Corporate profits with inventory
valuation adjustment and without capital consumption adjustment, NIPA 2
74 1
62.6
84.
3
Corporate3 profits with inventory valuation and capital consumption adjustments,
NIPA
-.
76.0
59.6
72.
93.8
90.2
87 5
86.7
84.9
81.0
78.0
77.2
108.
104.
101.
100.
86.9
83.7
81.2
80.6
77 0
73.3
70.5
70.0
99.
95.
92.
92.
79 0
73 6
71.1
63 2
56.8
54.2
76.
69.
66.
73.6
71 0
69.0
67.2
56.6
53 5
51.1
49.2
69.
66.
63.
61.
Corporate profits with inventory valuation
and capital consumption adjustments,
alternative methods of depreciation: 4
8
9
10
11
12
13
14
15
16
17
18
Historical cost valuation:
Straight -line depreciation:
F service lives
. 85 F service lives
.75F service lives
F to .75F service lives
.
...
-
Double-declining balance depreciation:
F service lives
.85F service lives
.75F service lives
.- - ..
F to .75 F service lives
..
--
-
.. ..
-
-------
-
. - -
Current cost valuation:
Straight -line depreciation:
F service lives
.75 F service lives
F to .75 F service lives
Double -declining balance depreciation:
F service lives
85 F service lives
.75 F service lives
F to .75 F service lives.
--
-
1975
18
—3 0
—11 6
19.7
16.1
13.4
12.5
22 3
18.4
15 4
14.7
24 .4
20.2
16 9
16.2
12 8
9.5
7.1
6.4
14 4
10 8
8.0
7.4
15 7
11 7
8.7
8.1
4.9
-.5
—3 0
.6
-5.8
—8 4
—7.4
-14.8
—17 6
—.5
-3.1
—5 2
—7.0
—5.9
-9.1
— 11 5
-13.4
— 14.5
-18.0
—20.7
-22.7
1. Equals line 1, table 1, minus line 2, table 1.
2. Lines 2 through 16 are equal to tax return-based capital consumption allowances (line 1,
table 1) minus the capital consumption allowances based on the designated valuation, depreciation formula, and service lives (lines 3 through 17, table 1). For example, line 2 equals
line 1, table 1, minus line 3, table 1.
1. Tax return-based capital consumption allowances.
2. Based on current cost valuation, straight-line depreciation, and .85F service lives.
4
5
6
7
1974
Capital consumption
adjustment, alternative methods of depreciation: 2
Capital consumption allowances with capital consumption
adjustment, alternative methods of depreciation:
Historical cost valuation:
Straight-line depreciation:
F service lives
85F service lives
75F service lives
F to 75F service lives .
1973
1 Capital consumption adjustment, NIPA l
85.0
77.8
68 7
Line
1975
--
--
1. Excludes profits originating in the rest of the world.
2. Equals line 1, table 3, minus line 1, table 1.
3. Equals line 2, table 3, plus line 1, table 2.
4. Lines 4 through 18 are equal to NIPA profits with inventory valuation adjustment and without capital consumption
adjustment (line 2, table 3) plus the capital consumption adjustment based on the designated valuation, depreciation formula,
and service lives (lines 2 through 16, table 2). For example, line 4 equals line 2, table 3, plus line 2, table 2.
Revised Manufacturing and Trade Inventories and Sales, 1972: IV—1976: II
Quarterly estimates of inventories, sales, and inventory-sales ratios for manufacturing and trade, in constant dollars, for 1972: IV—
1976: II, are shown in tables 1-4. These estimates are consistent with the revised national income and product account estimates for 1973:
I—1976:1 in the July 1976 SURVEY OF CURRENT BUSINESS. Estimates for 1959-72 appear in "Manufacturing and Trade Inventories and
Sales in Constant Dollars, 1959 to First Quarter 1976," May 1976 SURVEY.
Table 1.—Manufacturing and Trade Inventories in Constant Dollars, Seasonally Adjusted, End of Quarter
[Billions of 1972 dollars]
1972
Manufacturing and trade
Manufacturing .. _
....
._-..-.
Durable goods
Primary metals
Fabricated metal products
Machinery, except electrical
..
Electrical machinery
Motor vehicles and parts
Other transportation 1 equipment.
Other durable goods
..
.
Nondurable goods
Food and kindred products
Nonfood.
-.
Paper and allied products
Chemicals and allied products
Petroleum and coal products. ..
Rubber and plastic products
- -- _ . .
Other nondurable goods 2
_.
19 74
19 73
IV
I
II
206.9
209.5
117.5
118.7
76 8
12 8
89
15.5
10 9
51
11.2
12 5
19'15
III
IV
223.7
224.7
226.5
221.7
127.4
128.6
129.7
128.7
84.3
11 9
9 7
18.3
12 8
60
11.3
14 2
84.9
11 9
98
18.7
12 8
58
11.3
14 6
85 7
12 1
97
18 9
12 8
59
11.3
15 0
86.4
12 6
99
19.1
12 7
5.9
11.2
15 0
40 7
11 0
29.7
3.2
7. 2
2.5
2.8
13.9
41 4
11.1
30.4
3.3
7. 4
2.7
2.9
14.1
42 5
11 3
31.2
3.4
7. 6
3.0
2.8
14.4
42 9
11 1
31.8
3.5
I
III
IV
211.9
214.1
219.0
221.4
120.0
121.4
123.6
125.7
77 8
12 3
9 2
15.9
11 4
52
11.2
12 7
79 1
12 2
9 2
16.5
11 7
55
11.0
12 8
81.0
12 2
9 4
17.2
12 1
58
11.1
13 2
82 8
12 1
9 6
17 9
12 5
59
11 2
13 6
40 7
11.0
29.7
3.2
7. 2
2.7
2.6
14.0
40 9
11 1
29.8
3.2
7. 1
2.6
2.7
14.2
41 0
11 0
29.9
3.2
7.2
2.6
2.7
14.2
40 4
10 6
29.8
3.2
7.2
2.5
2.8
14.0
II
I
II
19 76
III
IV
I
217.4
217.2
215.1
217.1
219.8
126.6
125.0
124.1
124.1
125.4
86.3
13 6
10 0
19.2
12 4
5.5
11.1
14 5
85.2
14 1
9.7
18.9
11.9
5.4
11.2
14.0
83.6
13 9
95
18.6
11 7
5.1
11.2
13.6
82 1
14 0
9 2
17.9
11 5
50
11.0
13 5
81.4
14 0
91
17.6
11 5
52
10.7
13 4
81.9
14 3
89
17.4
11 7
5.4
10.6
13 5
43 3
11.0
32.3
3.6
42 5
10.7
31.7
3.6
41.4
10.4
31.0
3.5
41 5
10.7
30.8
3.5
41 9
11.0
31.0
3.5
42 7
11.3
31.4
3.5
3.1
2.8
14.7
3.1
2.7
15.0
3.2
2.6
14.5
3.1
2.5
14.1
3.2
2.4
14.1
3.2
2.5
14.2
3.3
2.5
14.4
43 5
11.6
31.9
3.6
7.8
3.3
2.4
14.7
II
33.0
33.4
33.6
34.0
35.2
36.1
37.1
37.3
37.7
36.6
35.7
35.9
35.4
36.1
37.2
Durable goods
19.9
20 3
20 6
20 6
21 2
21 7
22 3
22 8
23.4
23.2
22.7
22.4
22.3
22.6
23.2
Nondurable goods
Groceries and farm products
Other nondurable goods .. ._
13 1
5. 1
7.9
13 2
5. 1
8.0
13 0
4 9
8.1
13 4
51
8.4
14 0
54
8.5
14 4
57
8.8
14 8
60
8.8
14 4
5.7
8.7
14 3
5.4
8.9
13.4
4.8
8.5
13.0
4.8
8.2
13.5
5.2
8.3
13 1
4.6
8.5
13.5
4.9
8.6
14.0
5.4
8.6
56.5
57.4
58.2
58.7
60.3
59.6
59.2
58.9
59.2
56.4
55.2
56.2
55.6
•56.8
57.2
25 7
12.0
13.7
26 3
12.5
13.8
27 1
13.1
14.0 i
27.7
13.6
14.1
28 0
14.2
13.8
27 6
13.8
13.8
26 8
13.1
13.6
26.5
13.1
13.4
27 9
14.4
13.5
25.3
12.3
13.0
24.5
11.8
12.8
25.5
12.6
12.8
25.2
12.4
12.7
25.0
12.1
12.9
24.8
11.7
13.1
30 8
59
24 9
31 0
57
25.4
31 1
56
25 5
31 0
55
25 4
32 2
58
26 5
32 1
59
26 1
32 5
60
26 5
32 4
58
26.6
31 2
58
25.5
31 1
5.9
25.2
30.6
5.8
24.8
30 7
5.9
24.8
30 4
5.9
24.5
31.8
6.2
25.6
32.4
6.1
26.2
Merchant wholesalers- -
Retail trade
Durable goods
Automotive dealers. _ .
Other durable goods.
...
. . ...
Nondurable goods
Food stores
Other nondurable goods
Table 2.—Manufacturing and Trade Sales in Constant Dollars, Seasonally Adjusted Quarterly Totals at Monthly Rates
[Billions of 1972 Dollars]
1972
IV
119 1
120.0
123.8
124.9
129.0
131.0
57 0
57.8
60.2
60.9
63.1
64.6
35 2
57
35
6.5
4 6
55
23
71
31 0
4.5
31
5.9
4.2
46
2.3
6 4
31.1
3.9
3.1
5.7
4.3
5.2
2.2
6.7
32.2
4.5
3.2
5.6
4.3
5.6
2.1
6.9
32.3
4.4
3.3
5.8
4.3
5.4
2.1
7.0
33.1
4.5
3.4
5.7
4.5
6.2
2.1
7.1
35.1
4.9
3.6
5.9
4.7
6.7
2.2
7.2
28 8
9 3
19 5
2.6
5.0
1.9
1.8
8.2
27 4
90
18 4
2. 4
45
1.9
1.7
80
26 0
8.9
17 0
2.2
4.1
1.8
1.5
7.5
26.6
9.0
17.6
2.2
4.2
1.9
1.6
7.8
28.0
9.2
18.8
2.4
4.6
2.0
1.7
8.3
28.6
9.3
19.3
2.5
4.7
1.9
1.7
8.5
29.4
9.8
19.6
2.5
4.7
2.0
1.7
8.6
29.5
9.7
19.8
2.6
4.7
2
-i
l.t
8.7
11
III
IV
I
II
111
IV
131 1
134 6
133 8
133 9
136 2
135 1
134 1
132 5
124 7
66 5
68 1
68 0
68 0
69 6
68 5
67 6
66 6
62 6
Durable goods
Primary metals
Fabricated metal products
Machinery, except electrical .
Electrical machinery .. .
Motor vehicles and parts
Other transportation equipment
Other durable goods ]
36 6
56
36
5.8
4 7
6 4
28
76
38 2
57
38
60
50
7 1
29
77
38 4
56
38
6.3
52
68
31
7 7
38 5
61
38
63
52
65
32
75
39 4
6 5
40
6.6
52
63
31
77
38 6
6 2
40
6.7
53
57
31
7 7
38 3
60
40
6.7
5 4
59
2 7
76
37 8
6. 1
38
6.6
5.0
66
2.5
73
Nondurable goods. . .
Food and kindred products
Nonfood
Paper and allied products
Chemicals and allied products
Petroleum and coal products. ...
Rubber and plastic products.
.
Other nondurable goods 2
29 9
9 8
20 1
2.4
51
2.4
1.8
84
29 8
9 6
20 2
2.5
52
23
1.8
8 4
29 6
93
20 3
2.5
53
2.2
1.8
84
29 5
9 2
20 2
2.6
54
2.2
1.9
8.2
30 2
96
20 6
2.6
55
2.2
1.9
83
29 9
96
20 3
2.7
55
1.9
1.9
83
29 4
9 4
20 0
2^6
52
1.9
1.8
8.4
.
II
III
1
Manufacturing
I
II
IV
Manufacturing and trade
19 76
19'15
1974
197 3
I
25 8
26 6
26 5
26 8
27 9
28 6
28 6
28.1
26 3
25.7
25.0
25.7
25.6
26.5
26.8
Durable goods.
12 1
12 8
13 0
13 5
13 5
13 9
13 8
13 4
12 4
11.6
11.1
11.5
11.5
12.0
12.1
Nondurable goods
Groceries and farm products
Other nondurable goods
13 7
6.6
71
13 8
6.6
7 2
13 5
6.3
7.2
13 6
6.2
7.4
14 4
6.7
7.7
14 7
6.6
8.1
14 9
7.0
7.8
14 7
6.9
7.9
13 8
6.5
7.3
14 1
7.1
7.0
13.9
6.9
7.1
14.3
7.1
7.2
14.1
7.0
7.1
14.4
7.2
7.3
14.7
7.2
7.5
Merchant wholesalers
38 7
40 0
39.3
39 1
38.7
37 9
37.8
37.8
35.8
36.4
37.2
37.9
38.3
39.3
39.6
Durable goods
Automotive dealers
Other durable goods.
13 2
79
5.3
14 2
86
56
13 7
8 2
5.5
13 6
81
5.5
13 3
7.7
5.5
12 9
73
56
12 9
7 3
5.5
12.8
7.4
5.4
11 3
6 2
5.2
11.8
6.7
5.2
12.0
6.8
5.2
12.4
7.1
5.3
12.7
7.2
5.5
13.4
7.9
5.5
13.5
7.9
5.6
Nondurable goods
...
Food stores. ..
Other nondurable goods .
25 5
80
17 5
25 8
80
17 8
25.6
7 8
17.8
25 6
77
17.9
25.5
7 6
17.9
25 0
75
17 5
24.9
75
17.5
25.0
7 6
17.4
24.5
7 4
17.1
24.6
7.5
17.1
25.3
7.6
17.6
25.4
7.6
17.8
25.6
7.6
18.0
26.0
7.9
18.1
26.1
8.0
18.1
Retail trade
Footnotes at end of table 4.
SURVEY OF CUERENT BUSINESS
August 1976
63
Table 3.—Constant-Dollar Inventory-Sales Ratios for Manufacturing and Trade, Seasonally Adjusted
[Ratio, based on 1972 dollars!
1972
IV
I
II
1.58
1.56
1.58
1.77
1.74
1.76
2.10
2.04
2.26
2.48
2.65
2.30
80
3.94
1.64
2.15
2.39
2.64
2.26
.74
3.88
1.65
1 36
1.12
1.48
1 33
1.40
1.15
1 47
1.66
- . ...
. ... - - ..
Manufacturing and trade
Manufacturing
-- --
Durable goods
..
.
Primary metals
Fabricated metal products . ...
Machinery except electrical
Electrical machinery.
Motor vehicles and parts
Other transportation l equipment
Other durable goods
. ._
Nondurable goods
Food and kindred products
Nonfood
- ---- -Paper and allied products
Chemicals and allied products
Petroleum and coal products. ._
Rubber and plastic products
Other nondurable goods 2
-
_. .
-.
Merchant wholesalers
Durable goods
Nondurable goods
Groceries and farm products . _ . _ .
Other nondurable goods
Retail trade
...
...
...
Durable goods
Automotive dealers
Other durable goods
Nondurable goods.
.
Food stores
Other nondurable goods _
..
..
..
19'^3
... ..
19'f4
197 5
1976
IV
I
II
1.60
1.61
1.64
1.67
1.79
1.78
1.84
1.88
2.06
2.10
2.10
2.18
2.22
2.27
2.45
2.79
2.74
2.59
2.17
2.40
2.63
2.28
.82
3 53
1.68
2.01
2.47
2.72
2.35
.90
3.47
1.75
1.87
2.42
2.73
2.42
.94
3.60
1.76
1.92
2.45
2.75
2.40
1 05
3.63
1.86
1.99
2.47
2.80
2.39
98
4. 13
1.92
1.99
2.64
2.87
2.55
89
4 57
2.07
2.21
2.84
2.92
2.77
1 07
4.89
2.12
3.00
3.23
3.26
2.95
1 20
4 92
2 27
3.62
3.14
3 30
2.77
1 05
5.04
2.08
3.13
2.94
3 35
2.69
91
5 25
1.98
1.37
1.15
1.47
1 30
1.36
1.16
1 44
1 68
1 38
1.19
1.48
1 26
1.36
1.17
1 48
1 69
37
.15
.47
24
.35
.12
1 48
1 71
1 35
1.15
1.44
1 24
1.31
1.14
1 48
1 67
1 39
1.16
1.50
1 24
1 35
1.38
1 52
1 70
1 45
1.21
1.56
1 29
1.46
1.53
1 59
1.71
1 49
1 20
1.63
1 38
1 54
1.58
1 57
1 80
1 58
1.22
1.76
1 51
1 77
1 65
1 61
1 88
1 63
1 20
1.86
1 69
1 90
1.78
1 72
1 94
1.55
1.15
1.76
1.60
1.83
1.66
1.61
1.82
1.28
1.26
1.27
1.27
1.26
1.26
1.29
1.32
1.44
1.42
1.64
1 58
1 59
1 57
1 57
1 56
1.62
1.70
1 88
2.00
.95
.78
1 12
96
.78
1 12
96
.77
1 13
99
81
1 13
97
.81
1 11
98
86
1 08
.99
.85
1.12
98
83
1 11
1 04
.83
1 22
1.46
1.44
1.48
1.50
1.56
1.57
1.57
1 56
1.94
1.51
2.57
1 86
1.45
2 49
1 98
1.60
2 56
2 04
1.69
2 57
2 12
1.85
2 49
2 14
1.88
2 48
2.08
1.79
2.47
2 07
1.77
2 47
1.21
.74
1.42
1.20
72
1.42
1.22
.72
1.43
1.21
.72
1.42
1.27
76
1.48
1.28
79
1.49
1.30
.80
1.52
1.30
76
1 53
1.28
78
1.49
III
IV
I
II
1.70
1.82
1.86
1 81
1 75
1 72
1 68
1 68
1.93
2.07
2.26
2.19
2.08
2.04
1 97
1 94
2 54
2 41
2 34
3
2
3
2
16
83
08
68
93
5 23
1 93
3
2
3
2
09
65
06
53
84
4 97
1 89
2
2
2
2
1 48
1.17
1.64
1 48
1.66
1.63
1 46
1 70
1 47
1 18
1.61
1 40
1 62
1.69
1 46
1 67
1 45
1 15
1 60
1 41
1 64
1.63
1 42
1 67
1 47
1 20
1 61
1 41
1 67
1 57
1 40
1 68
1.43
1.39
1.38
1.36
1.39
2.04
1.95
1.94
1.88
1.92
95
.69
1 22
.94
.71
1.16
.95
.74
1 16
93
.66
1 19
93
.68
1 18
95
.74
1 15
1.65
1.55
1.48
1.49
1.45
1.44
1.44
2 46
2.34
2 60
2.15
1.85
2 53
2.05
1.74
2.46
2.05
1.79
2.40
1.98
1.72
2.31
1.87
1.54
2 34
1.84
1.47
2.36
1.26
79
1.47
1.21
76
1.41
1.21
.78
1.39
1.19
.78
1.36
1.22
.79
1.42
1.24
.77
1.45
III
III
IV
I
II
94
49
96
49
81
4 85
1 89
Table 4.—-Fixed-Weighted Constant-Dollar Inventory-Sales Ratios for Manufacturing and Trade, Seasonally Adjusted
[Ratio, based on 1972 dollars]
1972
IV
Manufacturing and trade
Manufacturing
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods..
Nondurable goods
..
19 73
1
II
1 58
1 55
1 57
1 58
1 78
1 75
1 76
1 77
2 13
1 36
2 08
1 37
2 08
1 38
1 27
1 24
1 24
1 64
95
1 58
94
1 45
1 42
1 94
1 20
1 87
1 19
1 59
94
III
IV
I
II
III
IV
1
ii
I
11
1 59
1 62
1 65
1 69
1 82
1 88
1 84
1 78
1.74
1.71
1.70
I 76
1 81
1 87
1 94
2 07
2.26
2.22
2.12
2.08
2.03
2.00
2 11
1 37
2 11
1 35
2 17
1 38
2 23
1 44
2 33
1 49
2 49
1 58
2 78
1 64
2 79
1.56
2 66
1.48
2.60
1.46
2.51
1.46
2.44
1.49
1 24
1 24
1 23
1 27
1 30
1 42
1 43
1.43
1.39
1.38
1.36
1.38
1 93
.93
1.92
.92
1.86
.93
1.90
.94
1 55
96
1 62
97
III
1 56
97
1 56
95
1 46
1 48
1 53
1 54
1 53
1 53
1 98
1 20
2 04
1 19
2 910
1 4
2 12
1 25
2 05
1 27
2 04
1 27
1. Includes stone, clay and glass products: instruments and related products; and other
durable goods.
2. Includes tobacco manufacturers; textile mill products; apparel products; printing and
publishing; and leather and leather products.
NOTE.— Tables 1, 2, and 3: Manufacturing inventories are classified according to the type of
product produced by the establishment holding the inventory; trade inventories are classified
according to the major type of product sold by the establishment holding the inventories;
IV
19're
197r5
19 f4
1 70
96
1 98
95
2 01
93
1 65
1 53
1 46
1.46
1.42
1.41
1.42
2 42
1 26
2 09
1 25
2 00
1 19
2 00
1 19
1.93
1 16
1.83
1.21
1.80
1.23
1 89
1 02
constant dollar inventories in table 17 of the national income and product tables include, in
addition to the industries shown here, nonmerchant wholesalers, other nonfarm industries,
and farms.
Table 4: The weighted I-S ratios shown in this table were obtained by weighting detailed
industry I-S ratios with 1972 sales. Additional industrial detail was used than is shown in
table 2. For manufacturing, I-S ratios for 21 industries were weighted by sales: for merchant
wholesalers, 7 categories of business, and for retail trade, 8.
Fixed Nonresidential Business and Residential Capital in the United States, 1973-75
Revised estimates of gross and net stocks of fixed nonresidential business and residential capital in the United States in current and
constant dollars for 1973-75 are shown in tables 1-8. These estimates incorporate the revised national income and product account estimates
of fixed investment in the July 1976 SURVEY OF CURRENT BUSINESS. Estimates for 1925-72 appear in "Fixed Nonresidential Business and
Residential Capital in the United States, 1925-75," SURVEY, April 1976.
Table 1.—Current-Dollar Gross Stocks of Fixed Nonresidential Business Capital, by Major Industry Group and Legal Form of Organization
[Billions of dollars]
By major industry group
Total
Farm
Manufacturing
By legal form of organization
Corporate
Nonfarm nonmanufacturing
E nrl
Total
Of
Noncorporate
Nonfinancial
EquipEquipEquipEquipEquipEquipEquipment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Strucand
tures
tures
ment
and
tures
and
ment
ment tures
and
tures
ment
and
ment
and
ment tures
and
ment tures
strucstrucstrucstrucstrucstrucstructures
tures
tures
tures
tures
tures
tures
1973.-- 1,814.6 814.2 1,000.3
1974... 2, 141. 5 965.7 1,175.8
1975- . 2, 393. 8 1,111-6 1, 282. 2
126.2
147.8
165.2
70.5
82.5
93.7
55.7
65.3
71.6
410.3
481.4
532.9
226.7
270.5
309.5
183.6 1, 278. 1
211.0 1,512.2
223.4 1,695.7
517.0
612.7
708.5
761.1 1.323.0
899.5 1, 568. 6
987.2 1, 767. 2
650.5
776.5
899.2
672.5 1, 268. 1
792.1 1, 502. 3
868.0 1,692.8
627.3
749.1
868.4
640.8
753.2
824.4
491.6
572.9
626.6
163.8
189.2
212.5
327.9
383.7
414.2
Table 2.—Current-Dollar Net Stocks of Fixed Nonresidential Business Capital, by Major Industry Group and Legal Form of Organization
[Billions of dollars]
1973... 1,059.5
1974- . 1,247.9
1975... 1, 380. 5
451.0
534. 0
608.0
608.5
713.9
772.5
70.1
82.4
91.2
37.3
43.9
49.5
32.8
38.5
41.8
220.1
258.3
283.0
123.5
147.8
166.6
769.3
96.5
907.2
110.6
116.5 1,006.3
290.2
342.4
392.0
760.5
479.1
901.3
564.8
614.3 1,006.7
364.6
434.2
496.7
396.0
467.1
510.0
721.8
854.9
955.5
349.8
417.1
478.0
371.9
437.8
477.5
86.4
99.8
111.3
298.9
346.5
373.9
212. 5
246.7
262.5
Table 3.—Constant-Dollar Gross Stocks of Fixed Nonresidential Business Capital, by Major Industry Group and Legal Form of
Organization
[Billions of 1972 dollars]
1973.-- 1, 593. 2
1974. .. 1, 656. 6
1975.-- 1,701.2
745.8
780.6
805.5
847.5
875.9
895.7
109.2
112.3
114.0
62.0
63.5
64.2
47.2
48.8
49.7
363.8
375.5
380.6
209.1
218.6
223.0
154.7 1, 120. 2
156.9 1,168.8
157.6 1, 206. 7
474.7
498.6
518.2
645.5 1, 169. 9
670.2 1, 220. 9
688.5 1,258.0
598.9
630.4
653.4
577.4
607.1
628.6
571.0 1,121.8
590.5 1, 168. 7
604.6 1, 202. 4
544.3
561.6
573.9
146.9
150.2
152.1
423.3
435.6
443.2
276.4
285.4
291.1
Table 4.—Constant-Dollar Net Stocks of Fixed Nonresidential Business Capital, by Major Industry Group and Legal Form of Organization
[Billions of 1972 dollars]
1973..1974...
1975.-.
928.5
963.7
980.9
413.0
431.8
440.9
515.5
532.0
540.0
61.0
62.8
63.2
33.2
34.1
34.2
27.8
28.8
29.0
195.3
201.6
202.1
81.4
82.2
82.1
113.9
119.4
120.0
672.2
699.3
715.5
265.9
278.3
286.7
406.3
420.9
428.8
671.6
700.8
716.5
335.3
352. 4
361.1
336.3
348.4
355.4
321.7
338.0
346.2
637.8
664.6
678.6
316.0
326.6
332.4
2-r>6.9
262.9
264.4
77.7
79.4
79.8
179.2
183.5
184.6
NOTE. —Capital stock estimates are based on straight-line depreciation and .85F service lives.
Table 5.—Current-Dollar Gross Stocks of Residential Capital, by Legal Form of Organization and Tenure Group
[Billions of dollars]
By tenure group l
By legal form of organization
Business
End of year
Total
Corporate
Total
1973. 1974
1975. .
1, 655. 4
1, 862. 8
2,019.3
1, 618. 8
1, 821. 2
1, 974. 1
Total
59.8
67.8
73.6
Owner occupied
Government
Nonfinancial
Noncorporate
57.5
65.2
70.8
1, 559. 0
1, 753. 4
1,900.5
Total
36.6
41.5
45.2
Federal
11.2
12.7
13.8
State
and
local
25.4
28.8
31.5
Farm
49.9
54.5
57.7
Nonfarm
1, 113. 5
1, 261. 6
1, 375. 7
Tenant occupied
Farm
Nonfarm
15.0
16.1
16.7
435.3
483.3
518.3
Table 6.—Current-Dollar Net Stocks of Residential Capital, by Legal Form of Organization and Tenure Group
[Billions of dollars]
1973
1974.
1975
1,084 8
1, 216. 9
1,311.5
1, 057. 8
1, 186. 6
1, 278. 9
42 9
48.4
51.9
41 3
46 7
50.1
1 014 9
1, 138. 1
1, 227. 0
27 0
30 4
32.6
76
8.6
9.2
19.4
21.7
23.5
22.8
24.7
25.9
4.0
4.2
4.3
772.9
871.6
944.5
256.9
284.6
303.1
Table 7.—Constant-Dollar Gross Stocks of Residential Capital, by Legal Form of Organization and Tenure Group
[Billions of 1972 dollars]
1973...
1, 419. 2
1 451 3
1, 476. 2
1974
1975
1, 387. 9
1,419.0
1, 443. 2
51.3
53 0
53.9
49.4
51 0
51 9
1, 336. 6
1 366 0
1, 389. 2
31.3
32 3
33.0
9.6
99
10.0
21.7
22.4
23.0
42.7
42.4
42.1
954. 2
982.2
1, 004. 9
12.8
12.5
12.2
373.8
377.4
379.8
Table 8.—Constant-Dollar Net Stocks of Residential Capital, by Legal Form of Organization and Tenure Group
[Billions of 1972 dollars]
1973. .
1974
1975
930.0
948.1
958 6
906.9
924.4
934 8
36 8
37.8
38 0
35 5
36 5
36 7
1. Excludes stocks of nonhousekeeping residential capital, such as hotels, motels, and
dormitories.
870 1
886 6
896 8
23 1
23 6
23 8
65
67
67
16.6
16.9
17 1
19.6
19.2
18.9
662.3
678.6
689.9
3.4
3.3
3.1
220.6
222.2
222.0
NOTE.—Capital stock estimates are based on straight-line depreciation and service lives
given in the text of the April 1976 SURVEY article.
U. S. GOVERNMENT PRINTING OFFICE : 1976 O - 217-440
CURRENT BUSINESS STATISTICS
XHE STATISTICS here update series published in the 1975 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $5.10) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1971 through 1974 (1964-74 for major quarterly
series), annually, 1947-74; for selected series, monthly or quarterly, 1947-74 (where available). Series added or significantly revised after the 1975
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively. Unless otherwise noted, revised monthly data
for periods not shown herein corresponding to revised annual data are available upon request.
The sources of the data are given in the 1975 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
;Jre also listed alphabetically on pages 187-88. Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.
1973
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes areas shown in
the 1975 edition of BUSINESS STATISTICS
1975
| 1974
II
Annual total
1974
1973
| III
IV
I
II
1975
| III
IV
1976
i | n
IV
III
I
|
IP
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
Gross national product, totalf- -
bil.$
1 306.6 1 413 2 1 516 3 1 288 4 1 317 5 1 355 1 1 3727 1 399.4 1 431 6 1,449.2 1 446.2 1,482.3 1,548.7
1,588.2 1,636.2 1, 674. 1
809.9
887.5
973.2
801.0
818.2
833.1
853.3
878.7
906.8
911.1
933.2
960.3
987.3 1,012.0 1,043.6 1,064.7
Durable goods, total 9
do
Motor vehicles and parts
_ _ _do _
Furniture and household equipment- .. do
123.7
55.2
50.7
121 6
47.9
54.7
131.7
53.2
57.6
124.6
56.6
50.3
123 5
54.5
51.0
121.1
50.7
52.0
118 6
46.2
53.7
122.5
48.5
54.9
128.0
53.0
55.7
117.4
43.7
54.4
122.1
47.6
54.6
127.0
49.5
57.0
136.0
56.3
58.2
141.8
59.2
60.6
151.4
68.0
61.2
155.0
70.4
62.3
Nondurable goods, total 9
Clothing and shoes
Food
Gasoline and oil
do
do
do
do
333.8
61.3
168.1
27.8
376 2
65 1
189.9
36 3
409 1
70 0
209.5
38 9
327 6
60.7
164.6
26 8
338 1
61 7
171.3
27 6
348 1
62.8
175.2
30 2
360 6
64 2
181.5
31 8
371.9
65.0
186.4
36.2
383.8
66.2
193.7
38.0
388.5
65.0
198.0
39.3
394.4
66.6
203.2
37.9
405.8
69.3
207.8
38.6
414.6
71.3
211.8
39.2
421.6
73.0
215.2
39.9
429.1
73.5
219.2
40.1
434.8
73.2
223.1
40.3
do
.do
do
do
352.3
50.2
123.2
27.9
389 6
56 1
136.4
31 1
432 4
63 9
150.2
34 0
348 8
49 6
121.5
27 6
356 6
51 1
124.8
28 1
363 8
51 6
128.1
28 6
374 1
52 8
131.8
29 7
384 3
55.3
134.6
30 6
394.9
57.5
137.8
31 6
405. 2
59.1
141.3
32.5
416.7
61.2
145.0
33 3
427.4
63.7
148.4
33.6
436.7
65.0
151.8
34. 1
448.6
65.9
155.8
35.0
463.2
68.4
159.7
36.5
474.9
69.6
163.9
37.0
Personal consumption expenditures, total.. do
. ...
Services total 9
Household operation
Housing .
Transportation
Gross private domestic investment, total.. .do
220.0
215.0
183.7
218.0
220.0
231.5
216.4
218.8
213. 3
211.5
172.4
164.4
196.7
201.4
229.6
239.2
Fixed investment
_.do
Nonresi dential
do
Structures
_.
. __do
Producers' durable equipment
do
202.1
136.0
49.0
87.0
204.3
149 2
64 1
95.1
198.3
147 1
52 0
95.1
202.6
134 5
48.4
86.1
204.6
138 6
50 5
88.1
202.5
140 3
51 2
89.1
203.8
145 1
52 4
92.7
205.8
149.0
54.8
94.2
206.0
150 9
54.1
96.8
201.7
151.9
55.2
96.7
194.6
148 0
53.1
94.9
194.3
145.8
51.2
94.6
198.6
146. 1
51.8
94.3
205.7
148.7
52.1
96.6
214.7
153.4
53.2
100.2
223.2
157.9
54.9
103.0
66.1
17.9
14.7
55 1
10.7
12 2
51 2
-14.6
—17 6
68.0
15.4
11 9
66 0
15.4
11 4
62 1
29.0
23 7
58 7
12.6
14 5
56.8
13.0
13.9
55.0
7.3
7 4
49.8
9.7
12.9
46.6
-22.2
—25 6
48.6
-30.0
—31.2
52.6
-2.0
—4.2
57.0
-4.3
-9.5
61.3
14.8
12.7
65.3
16.0
17.3
7.1
101 6
94.4
7.5
144 4
136 9
20.5
148 1
127 6
4.3
96 7
92 4
10.0
105 2
95 3
12.7
115 0
102 3
15.0
133 2
118 2
3.9
142.2
138.3
2.9
148 4
145.5
8.1
153 8
145.7
15.0
147 5
132 5
24.4
142.9
118.5
21.4
148. 2
126.8
21.0
153.7
132.7
8.4
154.1
145.7
8.1
159.1
151.0
269.5
102.2
73 5
167.3
303.3
111 6
77 3
191 6
339.0
124.4
84 3
214.5
265.1
100 1
73 1
165 0
269.3
100 1
72 5
169 3
277.8
104 4
74 4
173 5
288.0
106 1
74 9
181 9
298.0
108.9
75 9
189.1
308.6
113.5
78 2
195.1
318.5
118.1
80 2
200.4
325.6
120 3
82 0
205.3
333.2
122.4
83.4
210.9
343.2
124.6
84.6
218.6
353.8
130.4
87.1
223.4
354.7
129.2
86.2
225.5
362.0
131.2
86.9
230.9
do
1,288.6
do
580 9
.do _ . 229 6
do
351.3
do
560.5
do
147 2
1,402.5
629 0
240 2
388 9
626 6
146 9
1,531.0
696 3
10 7
71
36
—14 6
—12 1
—2 6
Residential
Change in business inventories
Nonfarm
do
do
. do
Net exports of goods and services
Exports
Imports
.
.
do
do
do
Govt. purchases of goods and services, total, do
Federal
..
do
National defense
do
State and local
do
By major type of product:f
Final sales, total
Goods total
Durable goods
Nondurable goods
Services
Structures
Change in business inventories
Durable goods
Nondurable goods .
__
.
do
do
do
17 9
10 9
7.0
429 8
692.5
142 1
1,273.0 1,302.1 1,326.1 1,360.0 1,386.4 1,424.2 1,439.4 1,468.4 1,512.3 1,550.6 1,592.5 1,621.4 1,658.1
742.4
727.5
621 9
724.0
642 8
643 0
691.0
705.4
664 8
571 8
586 7
599 8
608 4
295.8
286.3
280.6
240.2 249.5
263.8
272.0
232 3
247.6
240.6
228 3
230 1 230 7
446.6
441.1
443.3
343 5
433.4
402 6
395 4
415 3 427.2
356 6
369 0
376 1 381.3
758.4
742.6
684.2 700.2 719.5
614.6
633.8
553.2 567 0
652.8
666 3
580 1 605 1
157.3
151.3
149.1
147 4
137.1
145.0
137 2
143 8
148 4
146 2
146 5
150.0
148 0
16.0
14.8
-4.3
7.3
9.7 —22.2 —30.0
-2.0
15 4
29 0
13.0
15 4
12 6
5.4
-3.6
2 2
14 5 —15 4 —15 3
51
—7.0 -10.6
12 1
66
10 9
11 8
10.6
18.5
6.3
2.3
—4.7
5.0
10.8
—6.8 -14.7
16 9
4 5
36
60
GNP in constant (1972) dollars!
Gross national product, totalf
Personal consumption expenditures, total.. do
l»
m
Durable goods
Nondurable goods _
Services
do
do do ..
Gross private domestic investment, total... do
Fixed investment
Nonresi dential ..
..
Residential
Change in business inventories
Net exports of goods and services
767.7
759.1
770.3
766.8
770.4
765.9
761.8
761.9
764.7
748.1
754.6
121.8
309 3
336 5
112.3
303 5
343 4
111.9
306 1
352 4
123.0
307 8
336 0
121.2
310 6
338 7
118.1
308 0
339.7
114.9
305 1
341.8
115.0
304.0
342.9
116.1
304.9
343.7
103.1
299.8
345.1
106.0
300.6
348.0
1,209.3 1,219.2 1,246.3 1,259.4
808.6
800.7
767.5 775.3 783.9
125.2
124.3
115.1
118.0
108.4
317.6
314.6
309.5
307.2 306.8
365.8
361.8
356.4
353.4
351.8
207.2
182.0
137.8
207.4
204.9
211.8
194.8
187.9
176.2
169.1
129.3
126.2
bil. $. . 1,235.0
1 2140 1 191.7
1,231.1 1 236.3 1 242.6 1,230.4 1,220.8 1,212.9 1,191.7
148.7
do
do
do
do
190 7
131 0
59 7
16.5
173 5
128 5
45 0
8.5
149 8
111 4
38 4
-12.0
192 6
130 7
62 0
14.8
190 8
132 5
58 3
14.1
186 4
132 4
54 0
25.4
183 4
133 5
49 9
11.4
178.5
131.6
47.0
9.4
171 1
127 3
43.9
5.1
161 1
121 8
39 3
8.0
149 8
114 4
35.4
-20.5
147.4
110.6
36.8
-21.2
149.7
110.1
39.6
-1.0
do
7.6
16.5
22.6
5.7
9.3
12.9
18.4
14.9
14.9
17.7
20.1
24.3
22.8
Govt. purchases of goods and services, total -do
256.4
252.5
251.2
261.0
251.8
Federal
do
96 6
95 3
95 7
95 2
96 3
State and local
do
165.2
155.9
161.1
154.9
156.6
r
Revised.
*> Preliminary.
f Revised series. Estimates of national income and
product and personal income have been revised back to 1973 (see p. 24 ft. of the July 1976
1,161.1 1,177.1
262.4
259.1
256.1
257.1
257.1
256.9
252.0 255.4
95.6
95.3
95 4
94.8
95 8
94 3
95 3
94 7
166.9
162.2
163.8
161.3
161.5
157.7
161.4
160.1
SURVEY); revisions prior to May 1975 for personal income appear
1976 SURVEY.
9 Includes data for items not shown separately.
147.0
167.1
171.7
152.5
110.5
41.9
-5.5
156.7
112.6
44.1
10.4
160.6
114.9
45.7
11.1
23.1
16.6
15.4
263.6
261.9
265.2
96.0
95.4
97.2
167.7
166.6
168.0
on p. 33 of the July
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1973
1 1974 I 1975
Annual total
1973
III
August 1976
1975
1974
IV
II
III
IV
1976
III
IV
II
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCTf— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators:!
Gross national product
Index 1972 ~ 100
Personal consumption expenditures
do
Durable goods
._
._
do
Nondurable goods
do
Services
do
Gross private domestic investment:
Fixed investment
do
Nonresidential
do
Residential
do
Govt purchases of goods and services
Federal.- _
_ _ _ _ _ _ _
State and local
National income, totalf
do
do
do
105. 80
105.5
101.6
107.9
104.7
116. 41'
116.9
108.3
124.0
113.5
127. 25
126.3
117.7
133.7
122.7
106. 57
106.2
101.9
108.9
105.3
109.05
108.8
102.5
113.0
107.1
111. 56
112.0
103.2
118.2
109.5
114.64
115.3
106.5
122.3
112.1
118. 03
118.6
110.2
125.9
114.9
121. 60
121.8
113.8
129.6
117.4
124. 55
123.7
115.1
131.2
119.7
125. 93
125.1
117.1
132.1
121.5
128.07
127.3
118.2
135.1
123.6
130. 27
129.1
120.2
136.2
125.9
106.0
103.8
110.8
117.7
116.1
122.3
132.4
132.1
133.2
107.2
104.6
113.2
108.6
106.0
115.0
111.1
108.7
117.5
115.3
113.2
121.0
120.3
118.6
125.3
125.2
124.7
126.7
129.9
129.4
131.5
131.9
131.8
132.1
132.7
132.7
132.8
134.9
134. 5
135.9
137.0
136.2
139.0
'139.0
137.5
' 142. 9
106.7
105.8
107.3
118.3
117.1
119.0
129.9
130.0
129.8
107.0
105.2
108.1
110.3
110.7
110.0
112.7
111.3
113.6
116.4
114.9
117.2
120.0
118.4
121.0
124.0
123.8
124.1
126.7
126.8
126.5
128.6
128.4
128.7
130.8
130.4
131.0
133.4
134.2
132.9
135.4
135.4
135.4
' 136. 7
f 137. 7
do
do
do
do
do
1,135.7 1,207.6
1,113.5 1,125.6
Proprietors' income with inventory valuation
and capital consumption adjustments,
total
bil $
Farm
.
do
Nonfarm _ _ _
do
Rental income of persons with capital consumption adjustment
_bil. $
Corp. profits with inventory valuation and capital consumption adjustments, total
bil. $__
Corp. profits with invent, val. adj.:
Domestic, total
do
Financial
__
__do
Nonfinancial total 9
do
Profits before tax total
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
3
1,073.6
1,102.7
1,147.6
1,156.3
1,149.7
1,182.7
1,233.4
1,264.6
1,304.7 pl,336.3
875.8
764.5
160.4
604.1
111.3
928.8
806.7
175.8
630.8
122.1
807.2
708.0
149.3
558.7
99.2
828.4
725.9
153.1
572.8
102.5
846.3
739.7
155.5
584.2
106.6
866.3
756.7
158.1
598.6
109.6
888.8
775.6
161.1
614.4
113.3
901.8
786.0
166.7
619.3
115.8
904.0
785.8
170.0
615.7
118.2
912.9
792.8
173.8
619.0
120.1
935.2
811.7
177.3
634.4
123.5
963.1
836.4
182.2
654.1
126.7
994.4 '1,017.2
861.5 '881.1
188.7
185.4
676.1 ' 692. 4
136.2
132.9
92.4
32.0
60.4
86.9
25.8
61.1
90.2
24.9
65.3
94.6
33.9
60.8
98.3
37.3
61.0
91.2
31.6
59.6
85.0
24.6
60.4
86.0
23.8
62.2
85.5
23.3
62.2
81.1
17.9
63.2
86.8
24.1
62.7
95.5
29.2
66.3
97.2
28.3
69.0
93.2
21.9
71.4
'100.3
27.5
'72.8
21.6
21.0
22.4
21.5
21.5
20.9
20.6
21.0
21.5
21.9
22.3
22.4
22.9
23.3
23.1
99.1
84.8
91.6
97.8
99.3
95.7
87.8
81.7
74.1
69.0
86.6
105.3
105.6
115.1 v 115.3
90.4
16.2
74.1
44.1
24.0
76.7
14.1
62.6
36.9
11.9
97.0
12.9
84.1
46.4
17.2
89.5
16.2
73.3
43.0
23.7
90.3
15.7
74.5
43.1
21.2
81.4
14.8
66.6
39.4
15.6
80.8
14.0
66.8
39.0
12.1
75.1
14.6
60.5
37.7
10.7
69.5
13.1
56.3
31.6
9.0
72.1
13.9
58.2
29.7
8.4
91.7
12.5
79.2
43.5
14.8
111.4
12.1
99.3
57.0
24.3
112.7
12.9
99.8
55.3
21.1
121.9
14.0
107.9
61.2
23.7
do
8.3
6.8
6.0
11.2
7.9
6.2
8.3
6.5
8.0
7.7
5.7
14.6
6.4
9.0
6.3
10.1
5.7
11.0
5.0
5.5
7.3
6.3
9.5
6.5
9.7
6.4
8.6
7.7
*6.0
do
do
do
do
do
115.8
48.7
67.1
27.8
39.3
127.6
52.4
75.2
30.8
44.4
114.5
49.2
65.3
32.1
33.2
113.0
47.5
65.4
28.1
37.4
117.1
48.6
68.5
29.3
39.1
126.3
50.5
75.8
29.9
45.9
126.4
53.0
73.3
30.7
42.6
138.6
57.6
81.0
31.3
49.7
119.2
48.6
70.6
31.1
39.5
94.2
40.2
54.0
31.7
22.3
105.8
44.8
61.0
31.9
29.1
126.9
54.8
72.1
32.6
39.5
131.3
57.2
74.1
32.2
41.9
141.1
61.4
79.7
33.1
46.6
*145. 3
P64.1
P81.1
34.4
"46.8
-18.6
1.9
52.3
-39.8
-3.0
67.1
11 4
-11.5
74.6
-17.0
1.8
52.5
-19.1
1.4
55.3
-30.4
-.2
59.4
-36.6
-1.9
65.9
-53.4
-3.5
70.0
-38.8
-6.3
73.2
-16.5
-8.6
73.7
-7.8
-11.4
74.0
-9.0
-12.6
74.9
-12.3
-13.5
75.8
1, 153. 3 1,249.7
170.4
168.8
982.9 1,080.9
910.7
996.9
72.2
84.0
1,064.3
152.9
911.4
839.8
71.7
1,095.5
157.8
937.7
856.6
81.1
1,109.7
161.3
948.4
875.8
72.6
1,136.8 1,172.5 1,194.1 1,203.1 1,230.3 1,265.5 1,299.7 1,331.3 '1,362.0
167.4
142.2
174.5
183.8 ' 189. 5
178.3
174.0
179.8
179.3
969.5
998.0 1,015.8 1,023.8 1,088.2 1,091.5 1,119.9 1, 147. 6 '1,172.5
901.6
983.6 1,011.1 1,036.2 1,068.0 '1,089.6
930.4
935.0
956.7
'82.9
67.8
104.5
79.5
80.5
67.6
80.8
83.7
67.2
Durable goods
•
do
Transportation, communication, and
Rest of the world
r 137.
799.2
701.2
148.6
552.6
98.0
bil. $.. 1,064.6
Compensation of employees total
Wages and salaries total
Govt and govt enterprises
Other
Supplements to wages and salaries
131.29 ' 132.93
130.3 ' 131. 7
121.8 r 123. 8
136.4
136.9
129.8
128.0
do —
do
do
J»124. 7
*13.7
plll.O
-11.5 '-14.6
-14.5 -15.4
80.3
78.6
DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
Less: Personal tax and nontax payments
Equals* Disposable personal income
Less: Personal outlays©
Equals* Personal saving§
b'l. $
do
do
do
do
1,052.4
150.8
901.7
831.3
70.3
Unadjusted quarterly or annual totals :
All industries
bil. $
Manufacturing
. do.
Durable goods industries f
_. .. .do
Nondurable goods industries 1
do.
99.74
38.01
19. 25
18.76
112. 40
46.01
22.62
23.39
112. 78
47.95
21.84
26.11
25.04
9.62
4.84
4.78
28.48
11.43
5.84
5.59
24.10
9.49
4.74
4.75
28.16
11.27
5.59
5.69
28.23
11.62
5.65
5.96
31.92
13.63
6.64
6.99
25.82
10.84
5.10
5.74
28.43
12.15
5.59
6.55
27.79
11.67
5.16
6.51
30.74
13.30
5.99
7.30
25.87
10.96
4.78
6.18
i 30. 51
13.08
5.64
7.43
i 30. 49
13.31
5.73
7.58
do
do
do
do
do
61.73
2.74
1.96
2.41
1.66
66.39
3.18
2.54
2.00
2.12
64.82
3.79
2.55
1.84
3.18
15.42
.69
.48
.57
.44
17.05
.71
.56
.60
.47
14.61
.68
.50
.47
.34
16.89
.78
.64
.61
.49
16.61
.80
.64
.43
.58
18,29
.91
.78
.48
.71
14.98
.91
.59
.44
.62
16.28
.97
.71
.47
.77
16.12
.94
.62
.50
.85
17.44
.97
.62
.43
.93
14.91
.92
.49
.26
.72
17.43
.95
.56
.43
.86
17.18
.95
.56
.34
.80
do
do
_ do
do
do
18.71
15.94
2.76
12.85
21.40
20.55
17.63
2.92
13.96
22.05
20.14
17.00
3.14
12.74
20.60
4.82
4.04
.77
3.19
5.24
5.36
4.54
.82
3.53
5.83
4.38
3.85
.52
3.19
5.05
5.30
4.56
.75
3.60
5.46
5.20
4.42
.78
3.39
5.57
5.67
4.80
.87
3.78
5.97
4.42
3.84
.58
3.11
4.88
4.94
4.15
.79
3.22
5.19
5.07
4.16
.91
3.14
5.00
5.70
4.85
.85
3.26
5.52
4.79
4.18
.62
2.92
4.82
5.74
4.90
.84
5.82
4.87
.96
8. 88
28.71
do.
do
do...
_ do.
100.90
38.81
19.73
19.08
103.74
40.61
20.48
20.13
107. 27
42.96
21.43
21.53
111.40
45.32
22.50
22.82
113.99
47.04
23.08
23.96
116. 22
48.08
23.28
24.80
114.57
49.05
22.86
26.20
112.46
48.78
22.59
26. 19
112.16
47.39
21.01
26.38
111. 80
46.82
21.07
25.75
do
do
do
do...
do
62.09
2.82
1.95
2.49
1.79
63.12
2.76
2.05
2.20
1.73
64.31
2.80
2.10
2.13
1.63
66.08
3.07
2.42
2.21
1.84
66.94
3.27
2.68
1.84
2.16
68.14
3.56
3.05
1.81
2.71
65.52
3.76
2.39
2.09
2.82
63.68
3.78
2.70
1.60
2.75
64.76
3.82
2.75
2.12
2.99
64.98
3.82
2.39
1.65
3.56
do
do
do
do
do
18.58
16.00
2.58
13.12
21.36
19.80
16.72
3.08
13.24
21.35
22.81
22.90
21.91
20.91
19.52
19.79
20.28
20.16
20.93
20.97
20.12
19.54
19.46
17.92
18.56
16.41
16.58
17.03
17.47
17.76
18.10
17.12
3.36
3.35
3.36
3.00
3.21
3.25
3.11
2.68
3.17
2.87
3.00
12.54
12.22
12. 95
12. 50
14.04
13.36
14.01
13.94
13.83
2
35.
4l
235.42
20.68
20.44
20.34
20.83
20.82
22.04
22.84
21.63
21.69
separately.
ePersonal outlays comprise personal consumption expenditures, interest
paid by consumers to business, and personal transfer payments to foreigners (net).
§Personal saving is excess of disposable income over personal outlays.
.
NEW PLANT AND EQUIPMENT
EXPENDITURES
Nonmanufacturing
Mining
Railroad
Air transportation _
Other transportation
Public utilities
Electric
Gas and other.
Communication
Commercial and other
_
._
Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing. _
Durable goods industries f _
Nondurable goods industries f__ _
Nonmanufacturing
Mining. _
__
Railroad.
_ _
Air transportation _
Other transportation. .
Public utilities
Electric.
Gas and other
Communication
Commercial and other.
.
' Revised.
* Preliminary.
1 Estimates (corrected for systematic biases) for Apr.June 1976 and July-Sept. 1976 based on expected capital expenditures of business. Expected
2
expenditures for the year 1976 appear on p. 17 of the June 1976 SURVEY.
Includes communication.
fSee corresponding note on p. S-l.
9 Includes data for items not shown
2
114.72 1 121.14 i 123.00
54.06
52.28
49.21
23.42
22.68
21.63
30.64
29.60
27.58
65.51
3.83
2.08
1.18
3.29
68.86
3.68
2.16
1.47
3.32
68.93
3.85
2.37
1.45
2.96
IfData for individual durable and nondurable goods industries components appear in tne
Mar., June, Sept., and Dec. issues of the SURVEY.
August 1976
SURVEY OF CURRENT BUSINESS
1973
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1975
1974
Annual total
1973
1974
IV
III
II
S-3
I
1975
III
II
IV
1976 ?
IV
I
II
35, 767 37,098
25,851 ' 26,547
38,600
27, 655
38, 596
26, 939
28, 473
978
4,660
4,850
1,197
4,709
5,039
1,158
5,419
5,080
1
II
III
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S.
BALANCE OF INTERNATIONAL
PAYMENTS
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants) _
mil. $_. 102, 154
71, 410
Merchandise adjusted excl. military
do
Transfers under U.S. military agency sales con2,342
tracts
mil $
13, 997
Receipts of income on U.S. assets abroad. ..do
14, 405
Other services
_ do
-98,249
Imports of goods and services
do
-70,499
Merchandise, adjusted, excl. military
do
-4, 629
Direct defense expenditures
.do
Payments of income on foreign assets in the
-8,819
US
mil. $
-14,303
Other services
-do
Unilateral transfers (excl. military grants), net
mil. $.- -3, 883
U S Government grants (excl. military)
Other
-1,938
-1,945
do
do
144,773 148, 410 24, 166
98, 310 107, 072 16, 960
2,952
26, 233
17, 278
3,897
18, 219
19, 162
455
3,304
3,447
26,308
18,463
29, 340
20, 570
33,382
22, 460
35,667
24, 212
37, 234
25,036
38,491
26, 602
36, 945
27,019
531
3,576
3,738
1,009
3,995
3,766
638
6,217
4,067
683
6,550
4,222
781
7,046
4,371
850
6,420
4,619
915
4,376
4,634
-141,187 -132,141 -24,070 -24,823 -26,569 -30,563 -35,613 -37,449 -37,562 -34,350 -30,716 -32,813 -34,264 -37,538
-103,679 -98,126 -17,208 -17,742 -19,189 -22,605 -25,700 -27,374 -28,000 '-25, 581 '-22, 596 '-24, 501 '-25,448 -28, 447 -29, 637
-5, 035 -4, 780 -1,231 -1,067 -1, 162 -1, 153 -1,298 -1,265 -1,319 -1,317 -1, 185 -1, 093 -1, 185 -1, 162
-16,006 -12,212 -2, 096 -2,413 -2,511 -2, 933 -4, 513 -4, 689 -3,871 -3, 252 -2, 943 -2, 978 -3, 039 -3, 290
-16,466 -16,999 -3, 535 -3, 601 -3, 707 -3, 872 -4, 102 -4, 121 -4, 372 -4, 195 -3, 990 -4, 231 -4, 584 -4,639
-7, 184 -4,620 -1, 029
-5,475 -2,893
-621
-1,710 -1,727
-408
-909
-494
-415
-1, 187 -2, 977 -1,850 -1,261 -1,098 -1,179 -1,146 -1,044 -1,251 -1, 138
-615
-712
-748
-818
-811
-660
-658
-463 -2,606 -1,399
-434
-429
-371
-438
-433
-724
-451
-450
-431
-480
-16,434 -33, 392 -31,131 -2, 432 -1,569 -5, 872 -7, 915 -10,013
209 -1,434
-15
-358
17
-210
-607
-13
1,389
-2, 645
365 -3, 463
-608 -1,042
267
-423
-13, 998 -32, 323 -27,061 -2, 027
-948 -4, 814 -9,094 -9, 922
-4, 968 -7, 753 -6, 307
-549
-975
-977 -1, 137 -1, 485
U S assets abroad net
do
U S official reserve net
do
U.S. Gov't, other than official reserve, net. ..do
U.S private net
do
807
4,474
4,638
Foreign assets in the U.S., net
Foreignofficial.net
Other foreign net
Direct investments in the U S
..do
do
do
do
18,519
6,299
12, 220
2,656
32, 433
10, 981
21, 452
2,745
14, 879
6,336
8,544
2,437
Allocation of special drawing rights
Statistical discrepancy
do
do
-2, 107
4,557
4,602
911
3,905
1,960
22
-5, 369
3,586
1,877
-3, 598
"8,946
16, 269
14, 542
11, 650
1974
1975
2,863
-344
3,207
583
2,700
5,906
2,420
-692 -2,655 -1,072
6,977
3,392
5,075
1,309
711
990
11,049
4,648
6,401
1,712
-5,210 -10,252 -8, 001 -7, 943 -4, 223 -10,964 -9,512
-342
-29
-325
137
-1,003
89
-773
-772
-674
-354
-899
-952
-937
-840
-3, 854 -9, 453 -6,777 -7,074 -3, 109 -10,101 -8,065
-770 -1,694 -1, 580
-1,900 -3, 231 -1,510 -2, 334
7,612
3,149
4,462
31
7,867
4,256
3.611
-307
2,837
3,402
-565
476
3,907
2,400
2,331 -1, 985
4,384
1,576
-48
780
5,736
2,587
3,148
1,229
5, 018
3,325
1,693
-689
-925
2,554
3,748
131 -1,417
2,143
4,574
503 -1,707
1,868
2,167
721
1,485
1,070
576
1,381
2,771
2,047
1,584
-145 -1,488 -2, 338 -1, 398 ' 1,438 ' 3,255 r 2,046 ' 2,207 -1,508 -1, 164
4,285
54
5,051
929
2,595
4,336
1,058
2,819
-215
3,856
4,617
3,903
578
2,164
-397
491
2,448
-665
3,241
3,905
3,085
-80
-169
1,416
-158 -1,796 -1,476
761
Memoranda:
Balance
Balance
Balance
Balance
on merchandise trade
do on goods and services
do
on goods, services, and remittances., do_._
on current account
do
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS
-248
96
-312
-933
1976
1975
June
Annual
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
May
Apr.
June
July p
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates:f
Total personal income
1 153.3
1,249.7
1,253.7
1,252.0
1,267.5
1,277.1
1,290.8
1,300.2
1,308.2
1,320.8
1,331.4
1,341.9
1,352.5
1,362.9 1,370.4 1, 384. 3
Wage and salary disbursements, total
do
Commodity -producing industries, total.do
Manufacturing
do
Distributive industries
- do.. .
765.0
273.9
211.4
184.4
806.7
275.3
211.7
195.6
797.4
269.9
207.6
193.3
802.9
272.5
209 2
194.4
813.0
276.4
212.9
197.9
819.1
279.8
215.5
198.2
828.5
282.9
218.1
200.9
836.6
285.7
220.1
202.5
844.0
288.6
222.8
203.5
854.2
292.8
227.2
206.5
861.4
294.9
229.4
208.8
868.8
298.4
232.2
209.8
876.9
301.7
234.8
212.3
883.3
303.5
235.8
213.9
' 883. 1
303.4
' 236. 2
' 212. 4
891.3
305.4
237.3
215.2
Service industries
Govt. and govt. enterprises
Other labor income __
.
Proprietors' incomerA
Farm
_
.
Nonfarm
145.9
160.9
55.5
159.9
175.8
62.5
159.4
174.8
62.0
160.0
176.0
62.6
161.6
177.1
63.3
162.4
178.8
63.9
163.6
181.1
64.5
166.0
182.4
65.2
168.8
183.2
65.8
170.8
184.2
66.4
172.4
185.4
67.1
174.1
186.6
67.7
175.3
187.6
68.4
177.2
188.7
69.0
' 177. 7
' 189. 6
69.7
180.1
190.5
70.5
25.8
61.1
24.9
65.3
27.3
63.3
28.6
65 4
29.6
66.5
29.4
67.0
29.2
68.3
28.4
68.7
27.3
69.9
24.6
70.6
21.1
71.3
20.0
72.2
23.3
72.7
27.5
72.5
31.6
'73.4
29.6
74.0
bil. $
do .
do
__do
__ _ do
do
Rental Income of persons, with capital consumption adjustment
bil. $..
Dividends
do
Personal interest income. _ .
do
Transfer payments
do
Less personal contributions for social insurance bil. $.
Total nonfarm income
.
. do
1
21.0
30.8
101.4
140.3
47.6
117.3
22.4
22.4
32.1
32.0
109.7
110.7
189.2
175.2
50.0
49.6
1 213.4 1, 215. 4
23.5
23.4
22.7
23.3
23.4
23.3
23.2
22.9
22.9
22.5
22.5
22.4
22.9
35.2
35.9
33.4
33.9
33.0
33.3
32.9
32.9
32.3
32.6
32.9
32.9
30.8
122.8
120.7 '121.5
120.0
117.9
119.3
114.4
116.7
112.1
113.2
115.5
110.9
110.1
192.5
'
186.
8
187.1
188.7
189.2
191.3
182.1
182.1
183.4
185.3
180.7
179.3
177 3
54.9
'54.3
54.1 r 54.4
53.7
53.4
51.0
53.1
51.4
50.2
50.7
50.4
49.8
1 212 2 1, 226. 5 1, 236. 1 1, 249. 9 1, 260. 0 1, 269. 1 1, 284. 4 1, 298. 6 1, 310. 1 1,317.3 l,323.3 '1,326.6 1, 342. 5
FARM INCOME AND MARKETING*
Cash receipts from farming, including Government
payments totali
mil $
Farm marketings and CCC loans, total
Crops
Livestock and products, total 9
Dairy products
Meat animals
Poultry and eggs
do
do ...
do
do
do
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted :J
All commodities
1967=100
Crops
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:*
All commodities
1967= 100. .
Crops
do
Livestock and products
do
93 178
90 370
6 676
7 841
7 856
8 965
11 541
9 196
8 120
8,584
6,442
6,243
6,305
6,179
7,834
92, 648
51,271
41, 377
9,445
25, 193
6 253
89, 563
46, 661
42, 902
9,866
25, 811
6,739
6,662
3,043
3,619
822
2,209
547
7,815
4,174
3,641
817
2,170
611
7,812
4,210
3,602
817
2,122
620
8,919
4,865
4,054
818
2,543
652
11, 465
7,052
4,413
855
2,847
672
9,147
5,344
3,803
847
2,322
601
8,043
4,260
3,783
923
2,246
572
8,501
4,657
3,844
957
2,270
578
6,389
2,663
3,726
890
2,268
530
6,211
2,318
3,893
978
2,342
538
6,253
2,150
4,103
960
2,555
541
6,163
2,253
3,910
1,012
2,257
592
' 7, 815
' 3, 751
'4,063
'980
'2,460
'576
8,100
4,200
3,900
1,000
2,200
700
216
278
170
209
253
176
187
198
178
219
272
179
219
274
177
250
317
199
321
459
217
256
348
187
225
277
186
238
303
189
179
173
183
174
151
192
175
140
202
173
147
192
219
244
200
227
275
190
111
121
115
128
101
97
116
135
115
132
131
157
176
247
146
196
125
154
130
162
99
90
91
70
115
119
119
131
104
106
104
103
' Revised.
J» Preliminary.
fSee corresponding note on p. S-l. Alncludes inventory valuation and capital consumption adjustments.
JSeries revised beginning 1973;
104
113
126
110
105
107 | 105
94
74
110
92
66
111
106
113
110
revisions for periods prior to May 1975 are available from the U.S. Dept. of Agr., Economic
Research Service.
9 Includes data for items not shown separately.
SURVEY OF CUREENT BUSINESS
S-4
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975edit ion of BUSINESS STATISTICS
1974
1975
Annual
August 1976
1976
1975
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Apr.
Mar.
May
June*
July
133.6
125.7
133.1
131.1
142 6
151. 7
139. 0
115 3
140.5
134 2
125.9
123.4
131 8
127.3
133.7
111.9
135.5
125 5
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTIONd"
Federal Reserve Board Index of Quantity Output
Not Seasonally Adjusted
Total index
1967=100
By market groupings:
Products, total _ _
Final products
Consumer goods
Durable consumer goods _
Nondurable consumer goods
Equipment
Intermediate products
Materials
By industry groupings:
Mining and utilities.
_
_
129.3
117 8
119 2
114 5
121 4
125 9
125 4
123 8
11Q Q
mi
197 Q
1 9ft ft
127.3
125.1
122 2
121.6
128 8
127 2
129.4
111 8
124.4
114 6
117 9
116.4
122 4
112 7
126.2
108 1
123.7
109 2
123 9
122.0
130 8
122.9
134.0
109 8
130.8
117 5
128 8
127.6
137 2
137 3
137.1
114 3
133.4
121 4
126 7
125 1
134 9
140 1
132 8
111 6
132 8
123 5
124 0
122 2
130 4
134 1
128 9
110 9
130 5
123 5
118 7
117 2
122 6
122 5
122 7
109 7
124 1
121 3
121 1
120 2
mn
127 5 127 4 r»• 128 5
125 8 125.3 126. 4
i Q*% i rr 135 i r 136 7
ioq' 7
do._
do
do
do. .
do
do.
do
128.9
135.3
126.3
120.0
135.3
132.4
119 3
118.2
124 0
121 4
125.1
110 2
123 1
115 5
198 ft
131 1
126 8
109 5
124 5
125 7
1 qc n
o
m
128 7 r 129 9
132 2
•\AA ft
131 6
1 OQ a
131 8
133
6
iqn q
r
135 2
r 130 8
11 q n
1 1 q •«
145 0 fr 147 5
132 4
131 1
r HI g
r H2 5
r
136 1
132 3
r
r
do
128.7
128.5
129.1
129.4
133.5
129.7
126 3
127 9
129 8
134 6
132 6
19Q Q
r 128 4
r 128 0
131 9
134 2
do
do do
129.4
134.6
125.7
116 3
126.4
109.3
117 9
129.2
110.0
112 4
124.4
104.1
119 7
134.5
109.4
125 4
139.3
115.7
125 3
139 5
115 5
123 2
136 6
113 9
118 3
129 4
110 7
120 4
131 5
112 8
197 4.
1 90 A
r 128 8
138 8
119 5
140 0 rr 139 9
120 4 !21 2
r 128 2
135 5
123 2
133 7
145 0
12o. 9
125 1
136.7
117.1
1967=100
129.3
117.8
116.4
118.4
121.0
122.1
122 2
123 5
124 4
125 7
127 3
128 1
127.3
125.1
128.9
119 3
118.2
124.0
118 8
118.2
124.3
120 9
119 7
126.6
122 3
120 8
127.5
122 8
121 5
129.0
122 4
120 9
128 7
123 8
122 3
131 1
124 9
123 5
132 3
•joA n
123 9
133 1
197 A.
1 9^ ^
1 98 1
do
do
do
_ do .
do
135.3
132.8
121.0
107.9
162.6
121.4
125.9
113 7
101.1
156.6
121.4
128.9
116.2
102.5
161.1
126.6
137.0
127 6
114.2
160.5
129 2
139.1
130 2
116.3
161.8
132.2
142.1
133 9
118.5
162.7
131 9
140 8
133 6
119*1
159.0
132 5
143 2
134 7
120 9
164.9
134 0
147 7
140 0
122 8
167.0
134 7
142 8
133 4
118 9
167.4
137 9
148 9
142 0
125 8
166.5
Home goods
do
Appliances, air cond., and TV... do
Carpeting and furniture _ .
do .
136.8
127.0
145.2
118.8
98.0
126.8
117.3
96.6
123.9
120.8
107.1
125.4
123.5
105.8
134.3
126.7
107.0
141.1
127 0
105.3
141 9
126 5
100.9
144 7
126 4
101.1
142 0
130 3
107.8
144 8
Nondurable consumer goods
do
Clothing
do
Consumer staples
do
Consumer foods and tobacco . . do
Nonfood staples
do
126.3
117.3
128.9
122.7
136 1
125.1
111.6
128 8
122.8
135 8
125.5
110.0
129.8
123.9
136.7
126.7
113.2
130 6
125.1
137.0
126.9
117.5
129 6
125.1
134 9
127.6
116.8
130 7
125.2
137.1
127.4
120.4
129 3
125 3
133 8
130.6
123.2
132 5
127 6
138 2
131.5
123 9
133 6
127 2
141 0
Equipment
do
Business equipment
do
Industrial equipment 9
do .
Building and mining equipment- .do
Manufacturing equipmentdo
120 0
142.4
129.9
159.7
113.1
110 2
128.2
121.2
168.3
99.9
109 8
126.6
120.2
165.6
99.8
110 0
127.3
120.0
168.8
100.0
111 4
129.9
121.8
172.4
100.8
111 3
129.2
121.9
170.5
100.7
110 0
128 8
122 1
172.9
100.5
110 0
129 6
123 0
174.9
99.9
156. 7
182.4
119.1
136.3
157.8
101.9
133.9
153.9
102.2
135.8
157.8
104.0
139.1
161.8
104.6
137.8
160.4
104.4
136.4
158 5
102.4
82.4
80.0
81.6
81.0
80.6
81.2
78 5
Manufacturing
Nondurable manufactures
Durable manufactures
r
Seasonally Adjusted
Total index
By market groupings:
Products, total
Final products
Consumer goods
do
do
do .
_.
Durable consumer goods
Automotive products _
Autos and utility vehicles
Autos
Auto parts and allied goods..
Commercial, transit, farm eq. V ...do
Commercial equipment
do .
Transit equipmentdo
Defense and space equipment
do
r
r
129 6
130.1
130.4
126 4
136 1
r 128 0
r 126 3
r 136 1
r 128 8
r 197 2
129 1
127 2
137 3
129 4
127 4
137 3
r 140 4
r 141 1
r 143 3
r 155 1
14.Q ^
r 152 1
r 153 4
134 4
134 3
133 6
169.5 ' 163. 1 158.9
144 2
156.7
156 4
137 4
157.9
144 3
156.8
156 4
136 9
158.0
131 7
112.6
145 6
133 1 r 136 8
132 0
114.6 '117.2 ' 122. 2
r
143 o r 142 6
141 4
137 1
122.2
142 9
137 2
119.5
132.5
127 4
133 9
128 5
140 2
133.9
127 6
135 7
129 9
142 3
134.4
130 1
134.0 f 134. 8
131 8
129. 6
r 135 6
r 129 5
r 142 9
134.6
134.5
136 2
128 9
144 6
136 0
111 5
131 6
124 5
172.9
101.3
111 2
131 0
123 5
171.4
101.2
119 1
132 6
124 0
171.5
102.7
f\
m
i oc a
r H3 2
r 134 8
r 126 9
113 4
135 2
127 2
175.2
107.0
113 8
135 6
127 0
176.0
107.4
137.2
159 5
102.8
139.7
164 4
102.9
139.7
165 0
100.2
142.4
166 6
103.7
143.7
168 5
104.7
" 143. 8
144.6
171 4
104.9
145.7
171 6
106.2
77 3
77 7
78 0
77 6
77 A.
77 3
r 77 1
76 8
77 3
1 ^4. Q
1 98 7
o
r 134 7
r 135 o
r 128 0
r 141 3
r 130 1
r 139 8
136 4
131 4
141 4
136 8
131 9
128 2
122 4
r 129 2
r 124 5
119 2
130 5
r 131 0
r 127 1
131 6
128 0
123 2
133 6
147 1
152.0
132 0
129 1
121 8
134 1
147 3
152.4
119 7
134 9
!28 4
r
r
r
r 137 3
155 2 r 154 8
r 1 ^ ^ r 135 2
r 129 1 r 128 4
r 14.q q
143 3
r H2 9
r 134 1
125 3
174.6
170.7
105.4 ' 106. 4
172.1
104.4
r 144. 6
r
170 0 r 169 5
105. 6 '104.2
143 8
135.3
134 5
136.0
123.1
116 3
129.8
120.8
112.6
128.9
125.0
116.8
133.1
127.9
121 3
134.3
127.6
122 3
132.8
128 0
122 7
133 3
129 3
123 1
135 4
129 9
124 1
135 9
133 6
126 8
140 3
135 3
129 6
140 9
do
do
do
do
do
do
do. .
132 4
132 7
117 5
146.5
142.6
148.0
119.2
115 5
109.1
97.7
118.9
126.6
129.0
117.2
112.6
104.3
95.3
113.0
123.2
125.7
119.2
114.5
107.3
99.2
114.8
127.1
128.6
116.5
119.0
112.9
108.7
117.4
131.6
134.3
118.3
121.0
114.5
110.8
119.0
138.8
142.9
114.5
122 0
114 6
107 2
120.6
140.3
144.9
117.0
123 1
115 2
109 3
122 3
141 3
146.2
119 7
123 3
115 5
111 6
123 9
142 6
147.9
118 7
125 3
118 3
111 7
125 7
142 9
147.5
120 6
127 3
121 6
116 7
127 5
145 5
150.5
118 8
128 5
146 7
152.7
119 6
do
do
do
do.
128.7
115 3
125.6
106 4
128.5
112.8
115.8
113.4
129.7
113.3
111.9
122.4
127.2
110.8
107.0
105.5
129.0
111.6
115.0
112.9
127.2
111.6
113.5
112.6
127.9
113 8
112.5
122.2
130 5
114 2
118 1
125 6
129 2
112 9
117 9
109 9
131 8
113 6
122 2
111 2
131 5
112 7
124 2
109 6
131 6 r 131 2 r 132 2
113 9 r 113 5 r 113 6
192 3
124 3 r 118 5
114 4
114 4 119 2
132
114
121
122
4
2
2
4
131 7
112 8
.do
do
..do...
do
114.4
99 7
114.4
95.3
112.2
99.3
113.0
94.4
112.4
105.6
112.4
93.7
112.3
103.9
111.8
92.9
109.9
108.0
113.1
94.5
110.9
110.9
112.3
94 0
108.1
112.1
113 1
94 3
109.6
111.5
112 5
94 8
108 0
117 1
110 1
91 2
106 2
120 0
111 9 r in 3 r HI 7
r 03 j
r 92 9
93 2
106 5
107 8
119 3
117 5 r 116 7
111 8
93 5
111 7
121.5
113.3
94.9
111.0
107.0
do
do
143 7
154.9
146.0
160.8
148.1
164.6
145.5
160.0
148.3
164.7
144.6
159.0
143 8
157.3
148 8
165.5
147 2
162.3
152 0
167 4
152 5
168 7
151 4
167 3
r 1 ^ift 8
r 1 ^q ft
152 7
153 0
129 4
134 6
124 0
110 1
107 6
143 0
116.3
126.4
123.4
102.6
109.3
145.8
114.6
125.5
124.3
101.7
109.8
147.6
117.0
128.1
125.4
101.1
105.1
151.3
119.7
130.5
125.8
99.6
105.1
149.3
121.4
132.9
126.2
102.3
109.9
148.4
121.2
123.6
126.4
99.8
110.5
144.3
122 7
136.2
128 8
101.5
112.4
151 8
123 6
136 9
128 5
104 1
112.3
153 0
125 2
138 4
129 2
104 3
112 8
154 0
127 0
140 2
130 8
108 5
112 5
157 6
127 9
140 7
128 3
114 0
113 0
144 3
r 1 9ft P»
r J^Q 7
1 9Q 9
1 ft7 7
113 6
14.Q 9
f 199 3
130 0
140 8
130 6
107 8
112 3
154 3
130 4
140 8
do
...do
do_.
do
109 8
132.8
114 3
134 5
111.8
122.3
107.6
116.3
109.9
124.2
105.1
113.9
114.1
127.8
106.3
116.5
110.5
130.0
112.8
120.5
114.1
138.3
111.5
124.5
113.9
137.5
115.9
126.5
118.5
141.6
118.3
127.7
116.0
139.0
121.2
129 5
117 3
137 6
123 8
130 3
118 8
138 7
128 0
133 0
122 4
136 4
126 3
132 2
r ^15 4
.do
do
.do-.
118 2
159 4
153 3
113.4
147.3
136.0
113.3
144.7
129.4
115.5
147.1
128.0
115.3
150.8
135.5
114.7
154.4
139.9
113.2
157.5
142.6
115.4
161.9
148.2
118.4
163 3
149.0
120 0
162 9
150 8
121 0
167 6
154 7
121 o
1 99 n
170 6 r 1 fift 7
159 5 r 1 fin *\
127.1
122.8
126.8
124 1
124 7
173.2
164.7
180.4
166.7
195 2
80.3
76.5
75.6
80.7
78.1
r
Revised.
* Preliminary.
• Estimated.
^Monthly revisions back to 1967 will be
shown later.
9 Includes data for items not shown separately.
A Data for blast furnaces, steel mills reflect (back to 1958) adjustment of sales to annual totals
130.8
187.6
80.9
125.1
185. 1
85.8
124.9
185.2
87.7
126.3
185.3
83.2
125 7
188 4
86.0
129 l
196 7
86.1
Intermediate products
Construction supplies
Business supplies
do
do
do
Materials .
Durable goods materials 9
Durable consumer parts
Equipment parts
_
Nondurable goods materials 9
Textile, paper, and chemical
Energy materials.
By industry groupings:
Mining and utilities.
Mining
Metal mining
Coal
_
.
Oil and gas extraction $
Crude oil
Natural gas
Stone and earth minerals
..
Utilities
Electric
Manufacturing.
Nondurable manufactures
Foods 9 . .
Meat products
Dairy products
Beverages
do
do . .
do
do.
.do
do
.
Tobacco products
Textile mill products
Apparel products. _.
Paper and products
Printing and publishing
Chemicals and products
Basic chemicals
Petroleum products
Rubber and plastics products
Leather and products..
.
do
.do
..do
m
118 ^
131 8
c 203 5
r 146 9
r 122 8
r 133 o
r 146 4
' 152. 2 r 151. 2
118 8 r 121 0
r
r 14Q g
T -i qi 9
103 7
112 8
r
i K7 o
114 5
135 7 r 138 4
12fi 1
131 0
104 8
116 2
138 4
-107 1
135 5
m
119 3
r 1fi7 ^
r 1 fift q
120 5
i
161 8
r 1 °,9 7
134 8
133 7
r 1 °.A 9
f -I 01 a
1 QS 9
191 2
r
120 5
r igg 9
190 6
84.7
86.0
87.7 r 91.' 4
in the 1973 Annual Survey of Manufactures, a restatement of the level of new and unfilled
orders, and a recomputation of seas, factors. Revised monthly data are available from the
Bureau of the Census, Wash., D.C. 20233.
'Corrected.
SURVEY OF CUREENT BUSINESS
August 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
S-5
1975
June
July
Aug.
Sept.
1976
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June*
July •
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION*— Continued
Federal Reserve Board Index of Quantity
Output— Continued
Seasonally Adjusted— Continued
By industry groupings— Continued
Manufacturing— Continued
Durable manufactures
Ordnance, pvt. and govt
Lumber and products . _.
Lumber
1967=100..
do
__do
do
125.7
78.9
116.2
109.3
76.6
107.6
93.9
107.0
79.9
108.6
97.6
109.3
76.6
110.6
96.3
112.3
76.5
113.6
103.9
113.5
75.9
115.8
98.4
112.7
72.0
116.8
101.1
113.4
70.0
114.1
101.6
114.4
70.1
116.4
97.1
115.8
69.9
123.5
108.7
117.9
69.5
123.9
105.1
119.0 ' 120. 1 '121.5
69.5
69.1 '69.3
121.1 122.8 123.0
101.2 102.6 107.2
122.5
69.3
122.6
123.1
69.8
Furniture and
fixtures
Clay glass, and stone products
Primary metals
Iron and steel
Basic iron and steel
Steel mill products
Nonferrous metals
do
do
do
do
do
do
do
137.6
133.1
123.1
119.8
113.4
127.0
129.0
118.2
117.9
96.4
95.8
92.9
99.5
97.5
113.0
112.4
90.6
89.4
85.0
93.5
92.8
118.6
119.2
92.3
87.0
85.2
88.5
101.8
123.6
121.0
97.7
92.7
89.3
93.3
106.5
128.4
126.4
97.9
93.4
94.3
92.4
105.8
127.9
127.8
95.4
92.0
90.4
91.3
101.4
128.7
127.5
98.1
96.5
88.3
101.1
101.0
130.3
129.4
92.6
89.1
86.8
91.7
99.0
132.7
128.6
98.1
92.9
89.7
93.9
107.5
134.1
128.5
103.9
100.9
93.8
107.3
109.3
130.6
133.7
101.4
97.7
96.3
101.4
108.2
117.3
116.3
119.1
117.4
129.9
133.7
114.6
114.1
107.9
122.6
115.5
Fabricated metal products
Nonelectrical machinery
Electrical machinery
do
do
do
124.2
140.1
143.8
109.9
125.1
116.5
106.7
122.6
112.4
108.9
123.9
116.5
113.8
126.2
118.0
115.3
125.5
120.2
114.4
125.4
120.1
116.3
126.6
120.1
117.3
128.6
122.7
116.6
129.0
124.7
120.9
131.5
126.5
120.2 121.5 r 121. 4
132.9 133.5 r 134. 0
127.8 ' 130. 0 131.6
123.8
133.8
131.7
122.9
135.0
132.2
Transportation equipment. . _
Motor vehicles and parts
Aerospace and misc. trans, eq
do
do
do
108.7
128.2
90.4
97.4
111.1
84.5
97.9
110.2
86.5
101.1
116.3
86.9
105.0
123.7
87.3
105.9
126.8
86.3
104.4
126.5
83.6
104.7
127.1
83.6
106.7
130.1
84.7
105.8
126.7
86.1
109.0
135.2
84.3
111.2 ' 110. 6 r 112. 9
140.8 ' 141. 3 "•144.3
83.3 ••81.7 '83.3
113.2
146.7
81.8
111.5
142.7
82.0
. -do
144.1
132.3
129.5
130.7
131.9
135.1
136.0
136.4
140.9
142.0
141.8
144.4
145.4 r 149. 0
150.0
151.0
Instruments
-
131.0
' 131. 7
r 132. 7
' 105. 4
' 103. 5
99.0
107.8
••109.0
r
r
r
r
132. 2
114. 0
112.0
103. 4
BUSINESS SALES §
Mfg. and trade sales (unadj.), total A
mil. $.. 1,967,894 2,016,110 171,020 163,933 171,052 176,198 182,167 172,665 181,205 166,119 172, 930 189,444
190,118 '188,419 196, 882
187,074 '186,341 188, 728
do
1,967,894 2,016,110
165,877 ' 169,007 172,150 173,448 174,847 174,085 176,259 179,027 182,329 185,488
Manufacturing, total A
Durable goods industriesA
Nondurable goods industries
do
rjo
do
1981,985 i 992,687
512,922 498, 325
469, 063 494, 362
81,039
40, 757
40,282
85, 210
42,444
42,766
86,200
43, 192
43,008
87, 403
43, 607
43,796
86, 515
42,352
44,163
87, 616
43,681
43, 935
89, 276
44,570
44, 706
90,912
45,700
45,212
93,050
47,546
45,504
93,848 '94,087 94,028
47,741 '48,321 48, 733
46,107 '45,766 45,285
Retail trade totalcf
Durable goods stores
Nondurable goods stores
do
do
do
1537,782 i 584,423
167,313 180, 725
370,469 403, 698
48,652 ' 49, 411 49, 774
15,006 15, 372 15, 410
33, 646 '34,039 34,364
49, 644
15,417
34, 227
49, 995
15, 772
34, 223
50, 552
15, 904
34, 648
51, 283
16, 239
35,044
51, 592
16, 730
34,862
52,601
17,397
35,204
53,344
17,403
35,941
53,696 '52,868 53,847
18,046 '17,419 17, 751
35,650 '35,449 36,096
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments. __
do
do
do
i 448,127 i 439,000
202,341 185, 922
245,786 253, 078
36, 186
14,995
21,191
37,604
15,919
21,685
37,449
15,717
21,732
37,018
15,779
21,239
37, 360
16, 128
21, 232
38, 159
16, 754
21,405
38,816
17,052
21,764
39,094
17,006
22,088
39,530 '39,386 40, 853
17,029 '17,144 17, 745
22,501 '22,242 23,108
Mfg. and trade sales (seas. adj.), totalA
83, 029
41,354
41,675
36,567
15,329
21,238
37,166
15,187
21,979
-
BUSINESS INVENTORIES §
Mfg. and trade inventories, book value, end of year
or month (unadj ) total
mil $
Mfg. and trade inventories, book value, end of year
or month (seas, adj ) total
mil $
268,513
262, 801 264,342 262,275 260,949 262,128 267,112
268,586 262,801 264,659 268,047 271,699
273,307 '274,599 276,199
270,599 '272,548 275, 865
271,050
264, 770 263,749 263,345 264,662 265,087 266,867 266,064 264,770 266,285 267,979 269,637
Manufacturing, total
Durable goods industries
Nondurable goods industries
do
do
do
150,404
97, 967
52, 437
146, 574
95, 754
50,820
Retail trade, total
Durable goods stores
Nondurable goods stores
do
do
do
74, 082
34, 649
39,433
73, 081
33, 592
39, 489
70,840
31, 909
38, 931
71,503
32,270
39,233
72, 578
33, 324
39, 254
73,049
33, 471
39,578
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
do
do
do
46, 564
27,779
18,785
45, 115
27, 476
17, 639
44,850
27,605
17,245
44,653
27,244
17,409
45,501
27,266
18,235
148,059 147,189 146,583 146,413 146,510
98,796 98,189 97,199 96,640 96,215
49,263 49,000 49,384 49,773 50,295
146,671 146,574 147,030 147,328 148, 150
95, 953 95, 754 95, 664 95,696 96,193
50, 718 50, 820 51,366 51,632 51,957
148,121 '149,039 150, 777
96,133 •^6,579 97,476
51,988 '52,460 53, 301
74, 642
33,813
40,829
73,839
33, 712
40, 127
73, 081
33, 592
39, 489
73, 610
33, 510
40,100
74,344
33,490
40, 854
75, 089
33, 920
41, 169
75, 652
33, 994
41, 658
75, 710
33, 936
41, 774
76,671
34,150
42, 521
45,625
27,369
18,256
45,715
27,566
18,149
45,554
27, 532
18, 022
45, 115
27, 476
17, 639
45, 645
27, 998
17, 647
46,307
28,308
17,999
46,398
28,336
18,062
46,826 '47,799
28,441 '29,107
18,385 '18,692
48, 417
29, 316
19, 101
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade, total
Manufacturing, totalA
Durable goods industries.A
Materials and supplies
Work in process
Finished goods
Nondurable goods industries
Materials and supplies
Work in process
Finished goods. _
Retail trade, totalcf.
Durable goods stores.
Nondurable goods stores
1.50
1.59
1.59
1.55
1.54
1.53
1.53
1.53
1.50
1.49
1.47
1.45
1.45
1.46
1.46
do
do
do
do
do
1.65
2.06
.67
.91
.48
1.80
2.36
.79
1.00
.58
1.83
2.42
.80
1.03
.59
1.77
2.37
.78
1.02
.58
1.72
2.29
.75
.98
.56
1.70
2.24
.73
.95
.56
1.68
2.21
.71
.94
.55
1.70
2.27
.73
.97
.56
1.67
2.19
.71
.94
.55
1.65
2.15
.70
.91
.53
1.62
2.09
.68
.89
.52
1.59
2.02
.66
.86
.50
1.58
2.01
.65
.86
.50
1.58
'2.00
.65
.85
.50
1.60
2.00
.65
.85
.50
do
do
do
do
1.19
.47
.19
.53
1.23
.48
.18
.56
1.22
.48
.18
.56
1.18
.46
.18
.54
1.15
.45
.18
.53
1.16
.45
.18
.53
1.15
.45
.17
.53
1.15
.44
.17
.53
1.16
.45
.18
.53
1.15
.44
.18
.53
1.14
.44
.17
.52
1.14
.45
.17
.52
1.13
.44
.17
.51
'1.15
.45
.18
.52
1.18
.46
.18
.53
do
do
do
1.54
2.22
1.23
1.49
2.20
1.17
1.46
2.13
1.16
1.42
2.10
1.12
1.46
2.16
1.14
1.47
2.17
1.16
1.49
2.14
1.19
1.46
2.12
1.16
1.43
2.07
1.13
1.43
2.00
1.15
1.41
1.93
1.16
1.41
1.95
1.15
1.41
1.88
1.17
'1.43
'1.95
1.18
1.42
1.92
1.18
1.13
1.45
.87
1.24
1.79
.84
1.24
1.84
.81
1.22
1.78
.82
1.22
1.80
.83
1.21
1.72
.84
1.22
1.75
.84
1.23
1.74
.85
1.21
1.70
.83
1.20
1.67
.82
1.19
1.66
.83
1.19
1.67
.82
1.18
1.67
.82
1.21
1.70
.84
1.19
1.65
.83
43, 123
50, 679
4,584
4,468
4,001
4,475
3,788
4,184
4,346
4,390
4,711
4,673
4,211
4,152
4,797
4,355
4,156
4,424
4,431
4,592
5,161
4,838
5,108
5,008
5,316
5,111
5,765
5,618
981, 985
992, 687
85, 580
76, 991
83, 775
90,068
90, 552
86, 312
82, 693
83,362
91,827
96,180
ratio..
Merchant wholesalers, total
do
Durable goods establishments
do
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales.
Durable goods industries:
Unadjusted, total..
mil $
Seasonally adj., total..
.
do
Shipments (not seas, adj.), totalA
..__do
Durable goods industries, totalQA
__do __ 512, 922 498, 325 43,785 37, 487 40, 881
Stone, clay, and glass products
do
26, 269
2,355
2,321
2,216
26,690
Primary metals A
do
93,673 77, 651 6,350 5,520 6,222
Blast furnaces, steel mills A
do
47, 424
40,353 3,195 2,780 3,094
Nonferrous metals.
._
do
33, 248
24, 156
2.014
2.089
1.824
' Revised.
* Preliminary.
« Estimated.
i Based on data not seasonally adjusted.
2 Advance estimate; total mfrs. shipments for June 1976 do not reflect revisions for selected
components.
§ The term "business" here includes only manufacturing and trade; business
inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm.
95,287 '94,864 99, 294
48, 766 49, 363 '52,075 244,515
2,414 '2,448 2,606
7,467 7,913 '8,239 27,131
3,800 '4,057 4,286
2,461 '2,647 2,675
45,285 45, 491 42,329 40, 760 41,265 46, 129 49,439
2,467
2,209
2,016
1,986
2,424 2,541 2,233
7,602
6,554
6,910
7,025
6,553 6,251 5,876
3,999
3,587
3,529
3,166
3,065 3,050
3,707
2,370
2,141
1,907
1,957
2.170
2.103
2.173
Unadjusted data for manufacturing are shown below on pp. S-6 and S-7; those for wholesale
and retail trade on pp. S-ll and S-12.
,,,„,,,
a A
9 Includes data for items not shown separately.
J See note marked "c?" on p. S-4.
c
ASee corresponding note on p. S-4.
Corrected.
d" See note marked "$" on p. S-12.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
August 1976
1975
June
July
Aug.
Sept.
1976
Oct.
Nov.
Dec.
Jan.
June
July
Feb.
Mar.
Apr.
May
'6,256 6,462
' 8, 331 8,830
'5,987 6,374
11,961 ' 12, 725 29,999
'8,409 9,431
' 1, 566
1,658
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Shipments (not seas, adj.)— Continued
Durable goods Industries— Continued
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
Nondurable goods industries, total 9Food and kindred products
Tobacco products _.
_.
Textile mill products. _
Paper and allied products
Chemicals and allied products _
Petroleum and coal products. ._
Rubber and plastics products
_
Shipments (seas, adj.), totalA
By Industry group:
Durable goods industries total 9 A
Stone, clay, and glass products
Primary metalsA
Blast furnaces, steel mills A
Nonferrous metals
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
Nondurable goods Industries, total 9 .
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products.
.
Petroleum arid coal products
Rubber and plastics products
By market category:
Home goods and apparel
Consumer staples
Equipment and defense prod. , excl. auto
Automotive equipment
Construction materials and supplies
Other materials and suppliesA...
Supplementary series:
Household durables
Canital goods industries
Nondefense..
Defense
mil. $.. 61, 271
86, 572
do
66, 741
do
109,
521
do
72, 120
do
16, 053
do
61,550
89, 485
64, 388
110, 991
73, 220
17, 176
5,248
8,122
5,630
10,131
6,659
1,493
4,844
6,650
4,902
7,927
5,012
1,319
do
do
do__
do
469, 063
156, 744
6,926
33,097
494, 362
166, 080
7,423
32, 941
41,795
14,059
627
2,924
39,504
13,346
621
2,482
do
do
do
do
39, 812
81,377
56, 852
23,416
40, 376
85, 967
64, 649
23, 884
3,419
7,374
5,376
2,116
3,185
6,630
5,427
1,910
5,307
5,677
6,848 7,660
5,339
5,807
8,748 10,251
5,613 7,181
1,443
1,611
42,894 44,783
14,059 14, 872
647
582
2,986 3,209
3,471
3,609
7,296 7,878
5,865 5,742
2,065 2,153
5,703
7,656
5,890
10, 808
7,530
1,598
5,191
7,255
5,684
9,852
6,742
1,549
5,152
7,413
5,471
9,229
6,106
1,565
5,106
7,162
5,298
9,695
6,957
1,425
5,663
8,063
5,927
11, 236
7,876
1,484
6,020
8,725
6,175
11,973
8,511
1,572
6,075
8,411
6,009
11, 942
8,391
1,536
45,061
14,805
637
3,273
43,983
14,258
723
3,177
41,933
13,867
651
3,026
42,097
13,726
615
2,971
45, 698
14,302
604
3,266
46,741
14,596
659
3,521
46,521 '45,501 46, 978
14,425 ' 14,337 14, 627
'602
657
623
3,192 ' 3, 288 3,496
3,650
7,699
5,788
2,170
3,650
7,427
5,916
2,037
3,475
7,151
5,858
1,825
3,602
7,385
5,839
1,932
3,992
8,239
6,132
2,199
3,933
8,740
5,833
2,382
3,904 '3,966
8,952 ' 8, 379
6,045 ' 5, 946
2,341 '2,284
4,116
8,325
6,307
2,309
94,028
do
81,039
83,029
85,210
86,200
87,403
86,515
87,616
89,276
90, 912
93,050
93,848 '94,087
do
do
do
do
do
40,757
2,119
5,961
3,043
1,861
41,354
2,249
6,048
2,992
2,057
42,444
2,203
6,424
3,118
2,208
43,192
2,265
6,977
3,717
2,138
43,607
2,391
6,543
3,187
2,183
42,352
2,263
6,415
3,132
2,161
43,681
2,223
6,409
3,343
2,068
44, 570
2,329
6,775
3,590
2,058
45, 700
2,392
6,780
3, 534
2,086
47, 546
2,469
7,140
3,737
2,236
47, 741
2,374
7,096
3,672
2,283
48, 321 '48,475 248,585
' 2, 352 2,380 2
7,595 '7,713 7,807
' 3, 927 4,089
'2,485 2,472
do
do
do
do
do
do
4,898
7,380
5,306
9,456
6,193
1,402
5,184
7,285
5,368
9,513
6,422
1,412
5,226
7,300
5,472
10, 037
6,765
1,438
5,304
7,398
5,453
9,823
6,785.
1,481
5,511
7,776
5,634
9,736
6,429
1,530
5,250
7,832
5,526
9,103
6,006
1,520
5,396
7,730
5,434
10,296
7,262
1,580
5,621
7,654
5,813
10, 268
7,071
1,585
5,735
7,723
5,878
10, 946
7,597
1,531
5,901
8,036
6,002
11, 658
8,353
1,570
5,994
8,077
6,194
11,614
8,117
1,566
' 6, 228 6,037
' 8, 129
8,024
' 6, 208 6,009
11,387 '11,862 211,367
'8,009
8,774
'1,571 1,560
do...
do
do
do
do
do
do
do
40,282
13,675
582
2,751
3,270
6,944
5,272
1,976
41,675
13,893
607
2,884
3,382
7,232
5,477
2,070
42,766
14,165
625
2,933
3,432
7,496
5,890
2,063
43,008
14,073
562
3,053
3,516
7,618
5,731
2,106
43,796
14,275
639
3,008
3,580
7,762
5,871
2,098
44,163
14,064
718
3,138
3,712
7,814
5,967
2,113
43,935
14,007
667
3,122
3,686
8,016
5,784
2,021
44,706
14,597
652
3,228
3,729
7,931
5,818
2,084
45, 212
14, 362
635
3,295
3,911
8,057
5,972
2,173
45,504
14,345
676
3,308
3,774
8,373
5,865
2,266
46,107 '45,766 45, 295
14,763 ' 14,532 14, 229
'595
609
644
3,238 ' 3, 362 3,293
3,882 ' 3, 995 3,939
8,183 ' 7, 867 7,846
6,084 ' 6, 037 6,186
2,214 ' 2, 215 2,161
1
87, 844
do
i 188, 087
do
do . 1128,361
1
87, 053
do
1
77, 174
do
do __ 1 413,466
i 88, 368
i 201,977
i 135,032
i 86, 573
i 74, 522
i 406,215
7,152
16,790
11,275
7,309
5,957
32,556
7,494
17,171
11,064
7,586
6,378
33,336
7,623
17, 193
11,175
7,974
6,311
34,934
7,883
17,067
11, 109
7,933
6,492
35,716
8,138
17,390
11,712
7,626
6,708
35,829
8,127
17,296
11,401
7,173
6,581
35,937
8,135
17,177
11,392
8,406
6,777
35,729
8,251
17,831
11,513
8,262
6,849
36,570
8,345
17, 717
11,716
8,849
7,052
37,233
8,372
17,854
11,943
9,673
7,298
37,910
8,477
8,617 '8,879
18,230 '17,923 17,653
12,169 '12,198 11,892
9,457 ' 9, 262 9,959
7,335 '7,433 7,291
38,040 '38,392 38, 756
do . i 38, 873
i 147, 601
do
1 128, 725
do
118,876
do
i 39, 368
i 150,739
i 130,347
i 20, 392
3,202
12,567
10, 901
1,666
3,366
12,315
10, 748
1,567
3,431
12, 544
10,812
1,732
3,526
12, 409
10,744
1,665
3,618
13, 044
11, 178
1,866
3,564
12, 713
10, 977
1,736
3,526
12,594
10,933
1,661
3,602
12,811
10, 959
1,852
3,652
13, 124
11, 225
1,899
3,708
13, 380
11, 495
1,885
3,776
13, 563
11,701
1,862
do
do__
do
149, 762
97, 198
52, 564
146, 177
95, 167
51, 010
do
150, 404
146, 574
do
do
do
do
do
97, 967
3,721
11, 861
5,747
4,369
95, 754
3,630
13, 924
7,627
4,696
Fabricated metal products.. . . do
Machinery, except electrical.
do
Electrical machinery
do
Transportation equipment.
do._
Motor vehicles and parts
do
Instruments and related products.. do
11, 793
21, 552
14, 684
21, COO
6,697
4,329
10, 979
20, 988
13, 196
21, 171
5,917
3,830
148,160 146,494 145,976 145,037 145,646 146,101 146,177 147,458 148,093 148,928 149,358 '150,159
98,910 97,869 97,017 95, 927 95,542 95,429 95,167 95,625 96, 039 96,785 97,093 '97,401
49,250 48,625 48,959 49, 110 50,104 50,672 51,010 51,833 52, 054 52,143 52,265 '52,758
148,059 147,189 146,583 146,413 146,510 146,671 146,574 147,030 147,328 148,150 148,121 '149,039
98,796 98,189 97,199 96, 640 96,215 95,953 95,754 95,664 95, 696 96,193 96,133 '96,579
3,630 3,632
3,692
3,651 3,661 3,613
3,605 3,585
3,576
3,535
3,568 ' 3, 610
14.295 14,282 14,090 13, 789 13,776 13,898 13,924 13,903 13, 924 14,035 14,227 ' 14,442
7,627
7,769
7,761 7,498
7,832
7,718
7,618
7,536
7,764
7,833
7,979 ' 8, 186
4,788
4,774 4,683 4,669
4,636
4,720 4,696
4,655
4,653
4,664
4,718 '4,704
11,407 11,285 11,091 11, 028 10,914 10,970 10,979 11,011 10, 958 10,942 10,692 '10,638
22,116 21,984 21,894 21,713 21,503 21,105 20,988 20,976 20, 821 20,901 20,851 '20,797
13,580 13,444 13,325 13, 212 13,245 13,237 13,196 13,168 13, 136 13,222 13,258 ' 13,330
21.494 21,481 21,116 21, 357 21,300 21,368 21,171 21,113 21, 342 21,492 21,498 '21,648
6,354
5,915 5,991
6,255
6,002
5,978 5,917 5,987
6,083
6,149
6,248 '6,388
3,830 3,850
3,922 3,947 3,835
3,966
3,817
3,818
3,744
3,790
3,732 '3,767
By stage of fabrication:
Materials and supplies 9
do_.
Primary metals
do
Machinery (elec. and nonelec.)...do
Transportation equipment
do
33,393
5,408
11,277
4,866
30, 796
6,237
10, 161
4,490
32,676 32,159
6,478 ' 6,462
10,922 10,723
4,761
4,789
31,626
6,277
10,683
4,629
31,370
6,244
10, 551
4,696
31,072
6,238
10,393
4,600
30,980
6,333
10,228
4,640
30,796
6,237
10,161
4,490
31,176
6,384
10,200
4,484
31, 148
6,438
10, 081
4,565
31,418 r 31,175 '31,335
6,527
6,575 '6,598
10,068 ' 10,048 '10,078
4,601
4,606 ' 4, 737
Work in process 9
do.
Primary metals .
do
Machinery (elec. and nonelec.) . do
Transportation equipment... ...do.. .
41, 506
3,728
15, 887
14, 247
41, 031
4,330
14, 657
14, 742
41,917
4,439
15,169
14,822
42,031
4,491
15,208
14,756
41,692
4,471
15,080
14,535
41, 177
4,288
14, 878
14, 713
41,175
4,267
14,913
14,784
41,140
4,279
14,706
14,851
41,031
4,330
14,657
14,742
40,779
4,278
14,572
14,695
40, 805
4,278
14, 438
14, 875
40,931 r 41,040 '41,132 41, 479
4,310
4,679
4,411 '4,597
14,508 ' 14,550 ' 14,503 14, 688
14,955 14,937 '14,903 14, 940
Finished goods9
Primary metals
Machinery (elec. and nonelec.)
Transportation equipment
23, 068
2,725
9,072
1,887
23, 927
3,357
9,366
1,939
24,203
3,378
9,605
1,911
23,999
3,329
9,497
1,936
23,881
3,342
9,456
1,952
24, 093
3,257
9,496
1,948
23,968
3,271
9,442
1,916
23,833
3,286
9,408
1,877
23,927
3,357
9,366
1,939
23,709
3,241
9,372
1,934
23, 743
3,208
9,438
1,902
23,844 r 23,918 '24,112
3,198
3,241 '3,247
9,547 '9,511 ' 9, 546
1,936
1,955 '2,008
50, 820 49,263 49,000 49,384
52, 437
Nondurable goods industries, total 9 ..do
11,738 10,702 10,679 10,992
12, 425
Food and kindred products
do
3, 255
2,950
3,121 3,149
3,095
Tobacco products
do
4,812
4,589
4,200
Textile mill products.
do
4,243 4,314
4,552
4,737
4,597
4,489 4,582
Paper and allied products.. _
do
10, 605
10, 861 10,921 10,683 10,821
Chemicals and allied products
do
3,925
4,313
4,144
Petroleum and coal products
do
4,107
4,158
3,267
2,989
Rubber and plastics products .. . do
3,053 3, 022 2,956
By stage of fabrication:
20, 727
Materials and supplies _.
do
19, 671 19,232 19,135 19,130
8,044
Work in process
do .
7,751
7,407
7, 457
7,540
Finished goods
. do
23,666
23, 398 22,624 22,408 22,714
J
2
' Revised.
Based on data not seasonally adjusted.
Advance estimate; total mfrs.
shipments for June 1976 do not reflect revisions for selected components.
9 Includes data
49, 773
11,362
3,113
4,384
4,573
10, 783
4,212
2,941
50,295
11,687
3,262
4,473
4,571
10,750
4,242
2,964
50,718
11,909
3,248
4,610
4,573
10,836
4,301
2,925
50,820
11,738
3,255
4,589
4,552
10,861
4,313
2,989
51,366
11,858
3,244
4,681
4,684
11,037
4,321
3,053
51,632
11, 774
3,371
4,709
4,686
11,039
4,378
3,036
51,957
11,846
3,360
4,658
4,738
11,138
4,388
3,030
Inventories, end of year or month:
Book value (unadjusted), total
Durable goods industries, total ._.
Nondurable goods industries, total
Book value (seasonally adjusted), total
By Industry group:
Durable goods industries, total?
Stone, clay, and glass products.Primary metals
Blast furnaces, steel mills
Nonferrous metals.
.
do
do
do
do..
51,988
11,845
3,331
4,678
4,747
11,088
4,290
3,032
19,657 19,526 19,671 19,892 20, 022 20,363 20,272
7,635 7,722 7,751 7,830 7,905
7,944
8,057
23,003 23,470 23,398 23,644 23. 705 23,650 23.659
for items not shown separately.
ASee corresponding note on p.
19, 203
7,639
22, 931
3,894 '3,605
13, 589 '13,492
11, 666 '11,762
1,923 '1,730
150, 816
97, 525
53, 291
150, 777
97, 476
3, 655
14, 662
8,406
4,682
10, 556
20, 915
13, 495
21,960
6,609
3,775
31,516
6,655
9,983
4,983
21, 481
3,328
9,739
2,037
' 52,460 53, 301
'11,839 11, 980
' 3, 396 3,416
'4,728 4,777
' 4, 799 4,868
'11,214 11, 373
' 4, 361 4,561
' 3, 022 3,003
'20,616
' 8, 069
' 23.775
S-4.
21,003
8,191
24. 107
23,650
2
13,717
2
12,015
21,754
August
SURVEY OF CURRENT BUSINESS
1976
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1975
1975
Annual
S-7
June
July
Aug.
Sept.
1976
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month— Continued
Book value (seasonally adjusted)— Continued
By market category:
Home goods and apparel
mil. $
Consumer staples
_ _ _ do
Equip, and defense prod., excl. auto
do
Automotive equipment
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary series:
Household durables
do
Capital goods industries..
do
Nondefense
do
Defense
do
14, 900
19,530
37, 967
8,475
13, 195
56,337
12,835
19,264
37, 861
7,436
12, 639
56,539
12, 623
18, 623
38, 959
7,964
12, 806
57, 084
12,653
18,472
38,844
7,824
12, 736
56,660
12,421
18,803
38,739
7,444
12,776
56,400
12,456
19,010
38,723
7,556
12,721
55,947
12,565
19,463
38,466
7,549
12,558
55,909
12,691
19,525
38,238
7,498
12,560
56,159
12,835
19,264
37,861
7,436
12,639
56,539
12,710
19,466
37,711
7,495
12,704
56,944
12,840
19,527
37,695
7,582
12,605
57,079
13, 251
19, 604
37,848
7,684
12, 603
57, 160
13,391
19, 502
37, 744
7,748
12, 425
57,311
7,522
42,482
35, 939
6,543
6,430
42, 462
34, 656
7,806
6,511
43, 529
36, 162
7,367
6,394
43,439
35,984
7,455
6,280
43,346
35,771
7,575
6,247
43,232
35,545
7,687
6,325
43,022
35,292
7,730
6,361
42,869
35,045
7,824
6,430
42,462
34,656
7,806
6,212
42,310
34,668
7,642
6,253
42,350
34,505
7,845
6,456
42, 483
34, 401
8,082
6,439 '6 496 6, 680
42, 426 ' 42,371 42, 529
34, 261 ' 34,099 34,054
8,475
8,165 '8,272
New orders net (not seas, adj.), totalA -- .do __ 1,002,135 976, 209
534,027 480,580
Durable goods industries, totalAdo
Nondurable goods industries, total
do _ 468, 106 495, 616
83,732
41,737
41, 989
78, 524
3S, 839
39,685
83, 717
40, 707
43,009
88,838
43,910
44,928
89,252
43,933
45,319
85,649
41,446
44, 203
81,877
40,032
41,845
82, 929
40, 616
42,313
91,998
46, 139
45,859
96, 943 95, 672 ' 94,568 100, 150
50, 156 ' 48, 896 ' 48, 896 52, 943
46, 787 46, 727 45,561 46, 823
1,002,135 976,209
79,789
83,304
85,137
85,482
86,336
86,351
86,754
88,083
90, 201
93, 389
534,027
97, 233
49, 036
33,855
480, 580
71, 112
35, 922
23, 399
39,282
5,439
2,761
1,826
41,435
5,943
2,885
2,057
42,175
6,397
3,136
2,173
42,256
6,294
3,168
2,165
42,307
6,579
3,334
2,161
41,988
6,472
3,272
2,177
42,837
6,657
3,695
2,068
43,177
6,615
3,770
1,949
44, 975
6,678
3,434
2,123
47, 895 '47,790 ' 49, 565 49,926
8.805 ' 8, 075
7,397
7,238
4,296
3,830
3,634 '4,985
2,583
2,447
2,478 ' 2, 651
65, 824
94, 070
67, 646
- -do__ . 113,431
27, 322
do
59,524
84, 973
62, 376
108, 466
24,154
4,700
6,984
5,153
9,194
2,021
5,111
7,368
5,279
9,793
2,222
5,179
6,929
5,809
9,758
2,016
5,196
7,120
5,144
9,982
1,885
5,282
7,425
5,510
9, 371
2,041
5,302
7,629
5,595
8,741
2,077
5,163
7,118
4,941
10,477
2,105
5,405
7,363
5,860
9,514
1,512
5,575
7,404
6,043
10, 601
1,695
6,090
5,519
5,788 '6,094
7,970
7,650
8,064 '8,033
"
6,
618
6,626
6,096
6,396
12, 405 '11,521 ' 11, 284 '11,918 i 11, 983
'
2,
251
2,306
2,755
1,770
468,106
110,046
358, 060
495, 616
113, 539
382, 077
40, 507
9,346
31,161
41,869
9,740
32,129
42,961
9,806
33,155
43,226
10,166
33,060
44,029
10,295
33,734
44,363
10,492
33,871
43,917
10,138
33,779
44,906
10,597
34,309
45,226
10,711
34,515
45, 494
10, 648
34, 846
46, 300 '45,813
10, 958 r 10,954
35,342 '34,859
45, 197
10, 726
34,471
287,313 22 88, 371
188,082 202,024
2 139,226 2 2130,784
85, 336
2 86, 755
2 80, 740 2 72, 896
2
396,766
2 420,017
7,185
16, 807
10, 964
7,155
5,803
31,875
7,582
17,176
10,976
7,589
6,233
33,748
7,648
17,220
11,442
7,845
6,316
34,666
7,934
17,078
10,961
8,004
6,309
35,196
8,138
17,378
10,870
7,491
6,452
35,795
8,164
17,295
11,409
6,951
6,642
35,890
8,108
17,187
10,733
8,536
6,822
35,368
8,249
17,866
10, 581
8,480
6,755
36,152
8,287
17,701
11, 344
8,845
6,938
37,086
8,448
17,852
11,513
9,950
6,719
38, 907
8,610 ' 8, 863
18, 226 r 17,922
12, 454 r 12,405
9,479 •• 9, 373
7,074 ' 7, 278
38, 298 ' 39,633
8,472
17, 666
13, 130
10,010
7,240
38, 983
2
2
39, 314
do _ 2 38,411
160,802 2 144,343
do
2
123,137
22137,933 2
do
21, 206
22, 869
do
3,217
12,047
10, 138
1,909
3,440
12, 546
10, 728
1,818
3,466
12, 440
10, 392
2,048
3,555
12, 205
10,214
1,991
3,629
11, 885
10, 689
1,196
3,619
12, 440
10, 690
1,750
3,492
11,657
10,156
1,501
3,588
11, 741
10, 351
1,390
3,601
12, 494
10, 710
1,784
3,889 ' 3, 636 i 3, 729
3,755
3,759
13, 617 ' 13, 623' 13, 614' 14, 352 i 14, 584
10, 984 11,530 11,664 ' 11, 835 i 13, 509
2,633 ' 2, 093 ' 1, 950 ' 2, 517 i 1, 075
By industry group:
Durable goods industries, total 9 A
Primary metals A
-Blast furnaces steel millsA
Nonferrous metal15
..do ___
do
do
do
Fabricated metal products
Machinery, except electrical
do
do
Transportation equipment .
Aircraft missiles and parts
Industries with unfilled orders©
Industries without unfilled ordersl
By market category:
Home goods and apparel
Consumer staples
Equip, and defense prod., excl. auto
Automotive equipment
Construction materials and supplies
Other materials and suppliesA
Supplementary series:
Household durables
Capital goods industries .
Nondefense __
Defense
do
do
do
do
do
do
do
do
Unfilled orders, end of year or month (unadjusted).
totalA
-- - - - - mil. $
Durable goods industries, totalA
- --do
Nondur. goods ind. with unfilled orders©
do
Unfilled orders, end of year or month (seasonally
adjusted) totalA
mil $
By industry group:
Durable goods industries, total 9 A
do _
Primary metalsA
do
Blast furnaces steel millsA
do
Nonforrous metals
do
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft missiles and parts
_ _
do
do
do
do
do
By market category:
Home goods, aoparel, consumer staples. ..do
Equip, and defense prod., incl. auto
do
Construction materials and supplies
do
Other materials and suppliesA
do
Supplementary series:
Household durables
do
Capital goods Industries..
dc
Nondefense
do
Defense..
do
2
'13,509
' 19 532
'37,555
' 7, 905
12,509
' 58,029
94, 141 '95,494
13, 842
19, 688
37,777
8,127
12,438
58,905
1
46, 703
95, 501
49, 688
i 7, 757
136,226
132,444
3,782
119, 739
114, 698
5,041
122,274 123,807 123,749 122,519 121,217 120,557 119,739
118,065 119,417 119,243 117,868 116,306 115,426 114,698
4,390
4,506
4,651
4,209
4,911
5,131
5,041
119,309 119,487 120,251 120,628 '120,335 121, 185
114,050 114,063 114,782 '114,902 '114,436 '115,304 1117,699
5,424
5,676 ' 5, 739 5,581
5,469
5,259
137,328
120, 659
123,271 123,545 123,477 122,761 121,697 121,530
119,468 118,757 119,093 119,390 '120,790 122, 262
133,440
20, 698
13, 751
3,411
115, 494
14, 084
9,287
2,629
119,123 119,203 118,940
14,556 14,452 14,424
9,179
9,286
9,196
2,714
2,714
2,679
118,004
13,740
8,647
2,705
116,710
13,778
8,795
2,684
19,710
29, 592
20, 575
34, 375
21,487
3,888
17,686
25, 044
18, 564
31, 848
20, 639
5,165
18, 326
26, 776
19, 173
32, 236
20, 572
4,148
18,253
26,855
19,084
32, 514
20, 799
4,342
18,206
26,485
19,422
32, 237
20,661
4,537
18,097
26,209
19,112
32, 396
20, 529
4,757
17,867
25,859
18,989
32, 033
20, 471
4,987
17,919
25,656
19,057
31,668
20,490
5,188
17. 686
25,044
18,564
31,848
20,639
5,165
17,470
24,755
18,612
31,093
20, 145
5,367
17,310
24,435
18,778
30, 749
19, 619
5,383
16, 927 16, 722
24,049 24, 039
18, 874 19, 076
31, 497 '3 1, 404
20, 225 19, 707
5,371
5,562
2,317
65, 981
17,773
51, 257
2,384
60, 437
16, 110
41, 728
2,169
61, 969
16, 583
42,550
2,264
61,881
16,439
42,961
2,316
62,022
16,444
42,695
2,382
61,945
16,262
42,172
2,367
60,970
16,006
42,141
2,404
60, 967
16,066
42,093
2,384
60,437
16,110
41,728
2,421
59, 723
16,016
41,308
2,347
59, 348
15,901
41,161
2,417
59, 199
15, 322
42, 155
1,769
74, 930
50,318
24, 612
1,731
68,427
43, 024
25, 403
1,559
70, 664
45,546
25, 118
1,635
70, 891
45,523
25, 368
1,670
70, 791
45, 106
25, 685
1,701
70, 589
44, 578
26,011
1,710
69, 429
44, 090
25, 339
1,765
69, 367
43, 801
25, 566
1,731
68,427
43,024
25,403
1,720
67, 357
42, 415
24,942
1,668
66, 729
41, 902
24,827
1,692
1,608
1,712
66, 969 ' 67, 030 ' 67, 052
41, 395 41, 225 41, 221
25, 574 25, 805 ' 25, 831
319, 149
328,781
28, 135
26, 843
30,447
28,896
26,099
28, 708
27,283
29,364
29,934
29, 517
24, 400
29, 184
30, 021
30, 261
30,315
29,604
27,119
28, 973
35,083 r 32,714 P29, 210
30,910 ' 29,876 P28, 637
120,659
116,342 115,494
13,836 14,084
8,935
9,287
2,629
2,700
J 14,101 113,374 113,722 '113,778 '115,015 '116,465 1117,545
13, 920 13, 817 14, 074 14, 216 15, 424 ' 15, 785 i 15, 712
9,455
9,362
9,418 ' 10,476 10, 682
9,463
2,768
3,238
2,962 r 3, 127
2,557
2,521
2,407
59,506
15,063
42,414
' 16,587 16, 638
r 23,942 23, 889
' 19,486 20, 104
'31,300 ' 31, 354 i 31, 972
' 19,786 19, 902
'5,609
5,513
' 2, 389
r 59,822
' 14,928
' 43,651
2,397
61,112
14, 877
43, 876
' 1, 723 i 1,800
r 67, 912 i 68, 781
' 41, 292 i 42, 788
'26,620 i 25, 941
BUSINESS INCORPORATIONSG
Itfew incorporations (50 States and Dist. Col.):
Unadjusted
number
Seasonally adjusted
do
INDUSTRIAL AND COMMERCIAL
FAILURESG
835
965
888
805
3904
891
756
886
867
987
11, 432
853
801
Failures, total
__number._
9,915
132
107
131
141
164
130
115
107
108
133
117
121
1,637
1,320
Commercial service
do
151
188
166
186
178
171
136
167
158
2,262
177
152
138
Construction
do
1,840
121
118
124
110
121
114
144
109
128
123
1,645
140
109
Manufacturing and mining
do
1,557
434
353
374
336
380
411
408
309
358
378
351
4,799
365
Retail trade
do
4,234
106
90
93
84
80
84
105
90
66
82
87
1,089
79
Wholesale trade
do
964
Liabilities (current), total
thous. $._ 3,053,137 4,380,170 175, 917 3242,028 222, 442 205,526 1,295,393 252, 868 136, 881 257, 071 211,762 247, 653 206, 420 233, 284
Commercial service
do
348, 166 475,485 20, 404 77,441 31, 684 20, 803 43,711 15, 756 29, 591 29, 263 32, 144 27,034 28, 952 41,767
Construction
do
526, 598 640, 845 27, 248 57,483 32, 497 31,918 54, 648 28, 756 19, 206 42, 933 34, 873 37, 342 32,244 39, 003
Manufacturing and mining
do
833, 824 1,020,609 47, 471 38,417 57,046 49, 124 92, 736 120, 243 41, 214 71, 485 52, 958 105, 665 60,251 61,910
Retail trade
do
1,069,656 1,835,908 50, 643 42, 232 70, 889 84,673 1,083,690 55, 134 30,643 89, 535 58,004 43, 577 39, 219 42, 831
Wholesale trade
do
274, 893 407, 323 30, 151 26, 455 30, 326 19,008 20, 608 32, 979 16, 227 23, 855 33, 783 34,035 45, 754 47,773
Failure annual rate (seasonally adjusted)
35.0
35.4
38.2
36.3
36.9
35.4
36.5
37.0
41.4
44.9
341.9
42.2
242.6
No. per 10.000 concerns..
238.4
If For these industries (food and kindred prod., tobacco mfs., apparel and other textile
' Revised.
P Preliminary.
i Advance estimate; totals for mfrs.
new and unfilled orders
2
prod., petroleum and coal prod., chem. and allied prod., rubber and plastics prod.) sales are
for3June 1976 do not reflect revisions for selected components.
Based on unadjusted data.
considered equal to new orders.
O Compiled by Dun & Bradstreet, Inc. (failures data
Includes data for Hawaii.
for 48 States and Dist. of Col.; Hawaii included beginning July 1975).
9 Includes data for items not shown separately.
ASee corresponding note on page S-4.
©Includes textile mill prod., leather and prod., paper and allied prod., and print, and pub.
ind.. unfilled orders for other nondurable goods are zero.
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1974
1975
1975
June
Annual
August 1976
July
Aug.
1976
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS!
Prices received, all farm products
1910-14=100..
Crops 9
do
Commercial vegetables
. _ _ . _do
Cotton
do
Feed grains and hay .
do
Food grains
do
Fruit
do
Tobacco
do
Livestock and products 9
do
Dairy products. _ _.
_
_
do
Meat animals
do
Poultry and eggs .
.
do
Prices paid:
All commodities and services
do
Family living items
do
Production items
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100
Parity ratio §
do
CONSUMER PRICES
(U.S. Department of Labor Indexes")
Not Seasonally Adjusted
All items.
_
1967=100..
Special group indexes:
All items less shelter
.
do
All items less food
_ _ do. _
All items less medical care.
..do
Commodities
do
Nondurables
..
do
Nondurables less food
do
Durables
do
Commodities less food
.
do
Services
do.. .
Services less rent
do
Food 9
_
._
.do
Meats, poultry, and
fish
-do
Dairy products
.
do
Fruits and vegetables
do
Housing
do
Shelter 9
...
_
do.
Rent
-.
_
do
Homeownership
do
Fuel and utilities 9
do_
Fuel oil and coal
..
do
Gas and electricity
_
... do
Household furnishings and operation
do
Apparel and upkeep
do
Transportation
_
do
Private
do
New cars..
do.. .
Used cars
do
Public
do_._
Health and recreation 9
do
Medical care ...
. _ do
Personal care
do
Reading and recreation .
do
Seasonally Adjusted U
All items, percent change from previous month
Commodities
1967=100
Commodities less food. . ...
do
Food . _
do
Food at home
do
Fuels and utilities
do
Fuel oil and coal
do
Apparel and upkeep
do
Transportation
do
Private
do
Newcars...
_
do
Services
do
481
504
409
433
423
529
319
821
454
489
555
214
463
453
465
348
400
426
318
900
473
535
567
235
465
445
524
329
395
356
356
922
485
487
615
225
477
r 456
475
343
398
396
349
r
831
498
503
627
237
486
477
436
367
428
446
318
865
494
526
605
244
496
472
440
395
409
462
351
921
521
564
636
256
487
456
440
420
392
453
318
923
519
593
628
246
461
425
467
420
357
407
297
874
499
611
576
251
464
424
493
422
361
505
519
494
533
533
528
541
532
540
539
COe
543
540
539
549
542
543
543
538
542
547
544
eon
564
85
615
75
622
621
631
ftqfl
77
7Q
629
77
628
7e
624
78
147.7
161.2
160.6
162.3
162.8
163.6
164.6
165.6
146.1
143.7
147.7
145.5
151.0
140.9
130.6
136.6
152.1
156.0
161.7
163.9
151.9
165.8
150 6
154 4
130.6
163 2
150.2
214.6
145.8
140.5
136 2
137.7
136 6
117.5
122 6
148.0
140 3
150 5
137 3
133 8
159.1
157.1
160.9
158.4
163.2
151.7
145.5
149.1
166.6
171.9
175.4
178.0
156.6
171.0
166.8
169.7
137.3
181.7
167.8
235.3
169.6
158.1
142.3
150.6
149.8
127.6
146.4
158.6
153.5
168.6
150 7
144.4
158 4
156 6
160 3
157 9
162 4
151 2
145 8
148 9
165 7
170 9
174 4
177 2
153 3
177 4
166 4
169 4
136 9
181 4
166 9
230 6
169 4
158.1
141 4
149 8
149 3
127 0
147 5
154 1
153 2
168 1
150 3
144 1
160 3
157 6
162 0
160 1
165 0
152 2
146 9
149 9
166 6
171 9
178 6
187 7
153 4
188 8
167 1
170 2
137.3
182 3
168.0
234.1
170.4
158.3
141.1
152.6
152.3
126.6
153 2
155.0
154 0
169.8
151 2
144 4
160.8
158.3
162.4
160.4
165.2
153.0
147.5
150.7
167.4
172.7
178.1
189.7
154.3
177.9
167.7
170.7
138.0
182.8
168.9
235.7
171.2
158.8
142.3
153.6
153.4
126.8
156.1
155.0
154.6
170.9
151.4
144.7
161 6
159 5
163 2
160 8
165 4
153 8
148 2
151 4
169 1
174 6
177 8
190 3
156 3
167 4
162 6
160 4
164 1
161 7
166 4
154 6
148 9
152 2
170 1
175 7
179 0
192 9
159 4
165 5
ICO A
07
157 6
148 5
174 6
174 9
166 9
231 1
141 4
148 6
148 1
127 1
166 0
1.0
159 6
149 8
177 8
178.6
168 8
237 0
142 3
151 2
150 8
126 9
166 9
0.4
160.1
150.7
177.5
178.1
170.1
241.8
143.4
152.7
152.5
127.7
167.6
IfiQ
Q
m
e
•iqQ q
170 9
oqo 7
179 fi
O^Q q
m f\
m
160.1
•I E C
A
161 5
165 2
1fi9 9
167 1
155 1
I AQ 9
•ICO A
172 0
177 7
17Q o
191 4
1 CC K
152.1
146.0
168 9
1 ec r
17q q
e
•I cq
a
CQQ
570
557
570
568
557
568
575
561
576
57
56
57
663
74
66
7
166.3
166.7
167.1
167.5
168.2
169.2
170.1
171.1
1 Ad 1
1A9 1
164 4
162 6
166 2
162 4
167 3
154 7
149 0
152 3
174 9
181 0
180 8
186 5
168 2
173 3
173 2
175 9
141 2
188 8
176 3
248 9
179 5
163.7
143 3
158 1
156 8
134 2
144 6
170 2
158 6
176 6
155 7
148 2
165 3
164 2
166 8
162 3
166 7
155 5
150 4
153 3
177 2
183 4
178 7
180 2
167.1
166.0
168.4
164.2
168.2
157.0
153.5
155.5
178.4
184.7
180.0
181.2
167.4
176.4
175 6
177.3
143.8
189.6
180.2
246.2
186.1
167.9
146.8
163.5
162.5
134.5
167.8
172.4
162.1
182.6
158 9
150.3
168 1
167.0
169.4
165 2
169 0
157.9
154 7
156 5
179.5
185 8
180.9
182.7
167 9
176.7
176 5
178 2
144.4
190 7
181.7
247.3
r
187. 9
168.5
146.9
165.9
165.0
134.5
173.4
173.6
162.8
183.7
159.8
150.9
169. (
167. £
170.1
166. (
167. *
158.1
155. *
157J
180.
187.
182.
184. (
168. (
177.1
177.,
179.,
145.
192.
182.
248.
189.
168.
146.
167.
166.
134.
177.
174.
163.
185.
151.
151.
165 8
1A9 7
1A7 fi
155 4
14.Q °i
1 co Q
173 1
170 n
-ion 7
189 2
172 1
o
17C A
176 1
248 7
179 0
162.0
145 2
157 6
156 2
134 0
149 6
170 1
157.5
1 r c. q
m
cnq
48
48
45
64
42
37
27
85
4
56
58
23
656
73
1ft7 R
m
874,
••433
••574
412
384
'289
877
505
••557
625
228
' 175
656
72
140 6
1 AR R
OQC
'490
652
71
174 4
q
1 CO 7
q7c
4.1 fi
477
446
403
482
398
384
313
877
508
564
624
233
72
IRA R
•jerr A
4.9O
473
434
468
424
373
391
318
875
512
580
631
225
561
-iqo Q
14.5 *»
444
463
436
472
425
378
399
313
874
489
594
579
229
645
72
m
•t CC I
562
KCK
m
174. 1
1AA R
557
550
,<qq
564
555
564
£.4.7
-ice e
160.9
190, Q
coo
oei
1R9 R
ICQ <y
1 E.fi 1
19A E.
630
7q
246 5
176 8
161.6
o
CAR
eqe
q
iqo A
300
871
468
154.6
178 8
1 flfi fi
148 5
14.Q fi
166 1
165.0
167.4
163 1
167.2
156.0
151 9
154.2
177.7
184 0
179 2
178.0
167 9
179 0
174 9
176 6
143 2
188 9
179.3
246 6
184.4
167.4
145 7
161 3
160 1
134 4
159 4
172 4
161 4
181 6
158 3
149 5
1 co A
Ififi 5
1A7 9
1 cc o
1 t\O 7
17fi 1
1 R9 9
IRfi fi
•100 (]
1 fifl 5.
9
m
17A fi
l
m
177 9
94.Q 4.
181 9
165.2
144. fi
158 5
1 K.7 9
134 3
14-4. Q
170 4
1H7 0
173 6
e
m
1 7A °i
14-9 7
1RR 7
178 9
247 6
183 7
166.6
IAK fi
1 "iQ R
1 ^.R 5
e
m
1 ^fi Q
q
m
•I CQ 7
1 C.7 fi
1J.fi fi
14.7 n
0.4
160.6
151.2
178.0
178.4
172.5
246.2
142.8
155.5
154.0
129.0
169.0
0.6
161.5
151.7
179.6
180.2
173.8
249.1
143.2
155.9
154.6
129.5
170.0
0.6
162.2
152.2
180.6
181.2
175.1
248.1
143.6
157.4
156.1
130.5
171.7
0.5
162.9
152.8
181.6
182.1
176.3
247.5
144.1
158.3
157.0
133.4
172.8
0.4
163.1
153.1
181.2
181.4
175.6
244.0
145.0
158.7
157.4
133.1
174.7
0.1
162.7
153. 5
179.4
178.6
176.1
242.6
145.0
160.1
158.9
133.8
176.0
0.2
162.4
153.9
177.9
176.5
177.5
242.3
145.4
160.8
159.5
134.2
177.2
0.4
163.1
154.4
178.9
177.7
177.9
243.0
145.8
161.8
160.6
134.3
178.0
0.6
164.3
155.3
180.6
179.5
179.3
244.2
146.5
163.2
162.0
134.8
178.8
0.5
0.
156.0
181.0
179.8
181.7
247.8
146.9
164.6
163.7
134.6
179.9
156.
206.3
242.8
184.2
177.7
201.4
233.2
181.9
178.9
191.7
210.1
179.8
178.2
189.7
203.3
180.6
178.7
190.4
200.5
183.6
179.3
193.2
202.9
186.6
179.3
196.0
200.0
193.2
179.6
202.3
204.3
200.9
181.3
202.8
202.7
202.7
181.8
207.0
210.6
204.4
183.1
216,
206.8
182.2
168.0
168.3
166.5
199.8
182.3
168.0
168.1
167.4
201.3
182.6
168.5
168.5
168.0
201.2
183.7
168.7
163.3
169.5
199.5
184.5
168.2
167.4
169.9
199.1
185.6
167.9
166.8
170.5
205.3
186.8
169.0
168.0
171.1
205.7
187.5
169.3
168.4
171.3
210.2
188.9
169.8
168. 8
172.0
211.
190.
170.
175.1
174.2
173.8
171.7
172.7
168.8
170.8
169.4
168.2
166.5
189.0
187.3
186.7
184.6
184.9
185.7
185.8
185.3
186.9
186.1
178.7
177.6
177.0
176.0
175.6
174.7
174.4
175.3
174.5
173.0
174.6
173.6
173.1
172.3
171.4
169.4
170.7
168.2
168.8
166.2
181.3
179.4
180.7
179.6
179.9
180.1
180.1
181.0
179. 9
index).
1 Data have been revised (back to 1967) to reflect new seasonal factors.
actual wholesale prices of individual commodities see respective commodities.
to users, incl. raw foods and fuels.
176.
ion
179.
175.
179.
183.
251.
147.
166.
165.
181.
1
WHOLESALE PRICESd
(U.S. Department of Labor Indexet)
Not Seasonally Adjusted
Spot market prices, basic commodities:
195.5
205.6
22 Commodities
1967-100
187.2
i 227. 9 * 198. 2
236.0 249.8
9 Foodstuffs
do
i 243. 2 i 227. 3 209.4
171.5
13 Raw industrials.
do
179.6
173.2
*
180.
4
* 219 0
175.7
All commodities
.
do
176.7
174.9
173.7
160.1
By stage of processing:
203.0 204.1
196.9
197.1
Crude materials for further processing
do
196.1
179.3
180 9
178.4
Intermediate materials, supplies, etc
do
162.9
180.0
164.5
164.9
Finished goodsO...
__ _
do
163.4
162.5
147.5
165.0
165.3
163.6
162.6
Consumer finished goods
do...
149.3
162.4
163.0
162.5
161.7
Producerfinishedgoods
do. . .
141.0
By durability of product:
165.1 165.7
165.2
Durable goods..
.
do
165.8
150.1
183.6
184 9
180.2
181.7
Nondurable goods
do...
167.6
171.4
172.3
170.1
171.1
Total manufactures
do...
154.1
165.2
165.7
165.1
Durable manufactures _
do
165.6
148.6
177.6
179.1
175.1
159.5
176.6
Nondurable manufactures
do...
T
Revised.
pPreliminary.
1 Computed by BEA.
} Data revised back to 1968 to
reflect new base weights; comparable data for earlier periods will be shown later.
9 Includes data for items not shown separately.
§ Ratio of prices received, to prices paid (parity
K.AQ
qon
466
428
494
421
369
389
286
874
503
624
583
246
207.5
181.0
166.2
166.7
164.0
91 A
184.
IfiQ
172.
•toq
c? For
SURVEY OF CURRENT BUSINESS
August 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
S-9
1975
June
July
Aug.
Sept.
1976
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
COMMODITY PRICES—Continued
WHOLESALE PRICEScf— Continued
(U.S. Department of Labor Indexes)— Continued
All commodities— Continued
Farm prod., processed foods and feeds. 1967 =100..
Farm products 9
do
Fruits and vegetables, fresh and dried-do —
Grains
- -do
Live poultry
do
Livestock
do
Foods and feeds, processed 9
Beverages and beverage materials
Cereal and bakery products
Dairy products
Fruits and vegetables processed
Meats poultry and
fish
Industrial commodities
Chemicals and allied products 9
Agric chemicals and chem prod
Chemicals industrial
Drugs and Pharmaceuticals
Fats and oils inedible
Prepared paint
Fuels and related prod., and power 9
Coal
Electric power
Gas fuels
Petroleum products, refined
Furniture and household durables 9
Appliances household
Furniture household
Home electronic equipment
177.4
187.7
192.3
257.9
157.4
170.6
184.2
186.7
183.7
223.9
189.8
187.9
182.3
186.2
206.7
203.3
190.6
202.4
188.2
193.7
208.6
219.3
219.1
211.3
189.0
193.2
179.6
237.8
202.4
203.0
190.4
97.1
82.6
232.9
203.9
209.9
190.5
197.3
183.3
227.4
210.8
207.8
186.1
191.7
179.0
207.9
203.7
193.4
186.0
193.8
190.3
205.5
181.3
191.6
184.6
192.8
194.8
210.5
169.0
184.7
182.0
191 0
192.6
214.3
173 1
179 5
180.3
187.2
184.5
217.8
182 6
170.7
183.7
192.9
195.0
209.0
165.4
192.3
184.9
192.6
179.0
213.5
174.3
186.9
187.5
196.5
160.8
225.1
174.9
185.1
188.1
196.9
164.7
224.3
184.0
175.9
do
do
do
do
do
do
170.9
140.7
171.2
146.4
154.6
163.5
182.6
162.4
178.0
155.8
169.8
191.0
179.7
160.4
174.4
150.5
170.9
199.6
184.6
159.4
176.7
153.2
169.4
209.7
186.3
161.6
175.8
156.3
168.6
204.5
186.1
162.5
177.0
.60.8
168.4
209.8
186.2
165.1
177.6
165.6
169.3
210.4
182.6
165.1
177.0
168.1
169.0
200.8
181.0
165.4
174.6
171.3
168.5
198.1
179.4
165.1
174.7
169.7
167.6
193.2
176.4
167.0
175 1
163 4
166 7
186 1
175.8
167.0
174.5
166 7
166 5
180.6
178.0
169.3
172.8
167.7
167.1
189.2
179.9
172.3
173.4
167.1
167.9
190.3
181.8
172.7
173.7
167.0
170.0
190.0
182.6
175.7
173.6
170.0
169.9
185.3
do
153.8
171.5
170.7
171.2
172.2
173.1
174.7
175.4
176.1
177.3
178 0
178.9
180.0
180.4
181.3
182.6
181.4
210.3
206.3
127.5
260.4
167.1
182.1
206.5
207.4
127.5
285.7
167.1
182.2
201.2
208.2
127.4
289.7
169. 7
182.9
197.7
210.4
128.8
260.6
170.2
257.0
364.6
199.3
235.3
275.0
184.2
199.7
212.6
130.0
246.4
170.2
184.9
192.3
215.6
131.7
245.3
171.6
185.6
190.8
217.1
132.7
256.2
171.6
187.1
190.6
218.4
133.0
243.6
172.9
186.9
189.6
218.5
133.1
235.5
172.9
187.1
188.0
218.2
134.3
243.5
187.0
184.6
219.2
134.6
258.9
174.0
254.9
373.3
197.5
231.5
272.1
182.3
199.9
209.2
128.5
264.3
169.7
256.5
371.3
199.5
231.6
274.2
183.4
197.9
211.1
129.3
257.3
170.2
258.0
371.2
257.3
370.3
198.4
244.0
273.1
255.7
369.3
198.9
246.7
272.9
255.7
368.3
201.5
254.3
269.6
256.9
367.8
204.6
266.1
267.0
257.2
367.4
260.3
367.2
265.0
368.0
267.8
266.8
97ft 9
140.1
133.6
146.1
92.8
141.1
134.1
147.8
92.8
141.5
135.4
148.5
92.8
142.0
135.7
143.1
136.3
150.8
92.3
143.4
137.2
150.5
91.7
143.9
138.2
150.8
91.2
144.4
138.7
151.0
91.2
144.8
138.8
145.3
139.0
153 0
Q1 1
91.1
152.4
150.1
201.0
154.9
179.1
196.0
154.4
150.2
154.6
150.5
157.5
151.5
224.4
164.9
190.5
210.1
159.9
153.0
229.4
173.2
196.0
219.4
162.0
153.9
236.9
178.7
202.3
230.4
165.4
155.3
270.4
183.8
203.3
230.7
169.6
156.2
286.4
167.4
157.8
169.8
160.1
167.0
176.8
193.3
144.0
178.5
167.7
177.3
194.4
144.4
178.8
168.2
178.6
194.7
144.6
179.4
168.9
179.3
195.0
144.9
180.5
169.4
180.7
170.2
145.0
181.4
145.4
1 89 fl
145.8
196.4
157 1
217 8
182 9
198.7
-do —
do
do
do
- do
do
146.8
137.7
151.7
112.7
338.2
145.7
181.3
203.6
206.9
126.6
255.2
166.9
181.2
211.0
207.0
126.4
246.7
165.9
do —
do
do
do
--do —
208.3
332.4
163.1
162.2
223.4
245.1
385.8
193.4
216.7
257.5
243.0
385.9
190.6
220.0
252.2
246.6
382.2
192.6
226.4
258.8
252.4
377.9
127.9
117.9
136.6
93.1
139.7
132.3
146.3
93.5
139.0
132.2
145.3
93.0
139.2
132.2
145.4
93.3
139.8
132.4
do
do
do
do
226.8
268.6
94.6
245.6
274.7
9ftfi c
277.3
145.7
139.6
Hides, skins, and leather products 9
Footwear
Hides and skins
Leather
Lumber and wood products
Lumber
-
do
do
do. __
do
do
do
145.1
140.0
195.9
154.3
183.6
207.1
148.5
147.8
174.5
151.5
176.9
192.5
148.7
146.9
182.5
153.2
181.0
199.7
149.3
147.3
186.8
152.6
179.6
196.8
149.3
147.5
186.6
179.7
197.8
151.3
149.5
192.3
154.1
179.9
196.6
Machinery and equipment 9
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip
Metalworking machinery and equip
do
do
do
do
do
139.4
143.8
152.3
125.0
146.9
161. 4
168.6
185.2
140.7
171.6
161.0
167.8
184.4
140.4
171.9
161.7
168.5
184.9
140.8
172.7
162.2
168.9
185.4
140.9
173.0
163.1
169.2
187.5
141.8
173.1
164.1
171.3
188.6
142.3
175. 1
165.3
174.2
191.2
143.1
176.3
165.8
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals
do
do
do
do —
171.9
135.0
178.6
187.1
185.6
150.7
200.9
171.6
1S4. 5 • 183.4
150.5
150.2
199.4
197.3
169.1
167.7
184.3
150.3
198.4
169.3
185.5
150.3
200.4
170.8
187.2
151. 9
204.7
170.7
187.0
152.9
204.1
170.1
187.1
155.2
204.3
169.4
187.7
155.7
205.9
169.0
189.2
155.4
209.6
169.7
190.6
155.2
211.3
171.5
192.9
156.0
213.2
177.6
194.0
156.9
Nonmetallic mineral products 9
Clay prod., structural, excl. refrac
Concrete products
Gypsum products
Pulp paper and allied products
Paper
Rubber and plastics products
Tires and tubes
do —
do
do
do
do
do
do
do
153.2
135.2
151.7
137.6
151.7
148.6
136.2
133.4
174.0
151.2
170.5
144.0
170.4
172.9
150.2
148.5
173.3
151.0
170.3
143.4
169.8
172.5
148.6
145.4
174.7
151.3
171.2
140.8
170.0
172.4
150.1
151.8
175.8
152. 3
171.3
143.2
170.0
172.4
150.0
152.1
176.1
154.0
171.2
143.8
170.3
172.4
150.8
152.1
177.1
155.8
172.3
145.2
170.9
173.0
151.5
152.2
177.7
156.3
172.6
146.9
171.3
172.9
151.8
151.9
178.0
156.3
173.1
144.3
173.1
173.7
151.9
151.7
181.1
159.0
177.2
150.2
174.8
176.3
152.4
151.8
181.3
159.7
177.8
148.4
175.8
176.6
154.2
152.0
182.5
160.2
177.7
150.4
176.9
178.0
155.5
155.5
185.2
160.9
178.5
150.9
178.5
179.7
156.7
155.5
185.6
161.6
178.8
186.0
162.1
178.9
153 5
179 5
181 8
157 2
155 5
186.9
163.1
180.1
139.1
137.9
135.9
136.8
137.6
138.4
141.3
143.2
144.0
132.4
151.7
132.8
151.7
133.1
152.6
133.6
153.3
134.8
153.3
135.1
153. i
147.4
102.6
99.9
103.5
102.4
138.6
157.1
149.0
102.7
132.5
151.7
146.7
102.1
101.5
103.3
100.8
137.8
156.6
148.1
102.8
99 8
133 4
151 9
146.3
101.7
101 5
103.0
100.5
137.4
156.2
147.0
102.8
129.5
143.1
145.1
101.3
101 5
101.8
99.3
136.5
153.8
1 e.7 -I
158 8
I CQ C
125.5
129.2
141.5
144 6
140.1
143.1
140.1
143.1
140.5
143.5
141.1
143.9
146.6
150.0
147.2
150.6
147.5
150.9
148.7
151.3
148.8
151.3
149.1
151.7
149.2
151.9
149.0
151.6
149.1
151.6
149.2
151.7
0.8
0.9
0.9
1.1
0.1
0.3
207.0
182.8
207.0
183.4
204.5
184.2
Textile products and apparel §
do
Synthetic
fibers
Dec. 1975=100
Gray fabrics
Finished fabrics
Apparel
Textile house furnishings
do
do
1967=100
do
Transportation equipment 9 ---Dec. 1968=100.
Motor vehicles and equip
1967=100
143.1
202.3
181.6
9fift Q
191 2
1QQ R
224 3
m
7
197 9
203.7
170.9
182.6
101 3
1OQ A
Seasonally Adjusted t
All commodities, percent change from previous
month
By stage of processing:
Crude materials for further processing 1967=100
Intermediate materials, supplies, etc
do
Finished goods:
Consumer finished goods
._
do
Food
_
do .
Finished goods, exc. foods
do
Durable
do
Nondurable . . .
do
Producer finished goods
do
162.9
181.7
151.5
137.3
160.8
161.8
164.2
183.6
152.6
137.'
162.4
162.6
164.9
183.2
153.9
137.8
164.4
163.1
167.1
186.6
155.4
138.8
166. J
164.5
168.7
187.9
157.0
140.7
167.9
166.3
169.2
187.6
158.2
141.8
169.0
167.1
169.4
187.0
158.9
141.9
170.1
167.9
By durability of product:
Total manufactures
Durable manufactures
Nondurable manufactures
169.8
164.3
174.9
170.5
164.5
176.5
171.4
165.0
178.0
172.7
166.1
179.4
174.7
168.4
181.0
175.3
169.5
181.6
184.5
180.4
189.9
182.5
192.7
184.8
196.9
185.3
199.9
186.6
$0 566 $0 563
614
61
$0 559
608
0
197.0
177.3
do ..
do
do
Farm products
.
do
Processed foods and feeds
do
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
1967—$! 00
Consumer prices
do
$0 625
678
$0 572
621
$0 576
623
200.1
178.4
*A eft
61
198.8
179.7
cfSee corresponding note on p. S-8.
9 Includes data for items not shown separately.
§ Effective with Jan. 1976 reporting, the textile products group has been extensively reclassified; no comparable data for earlier periods are available for the newly introduced indexes.
203.7
180.6
-0.2
-0.4
0.2
0.8
0.3
0.4
0.3
201.3
184.7
198.8
196.9
iftfi n
208.8o
m
207.2
m
210.0
187 8
209.1
189 3
167.9
182.0
159.1
142.5
170.2
169.1
166.7
166.0
176 6
-\ CQ "I
14.0 i
168.4
183 4
1ftQ7
142 9
168.9
185 3
159 0
142 9
169.0
183 6
160 0
143 5
170 8
172 1
168.6
180 4
161 2
143 5
172 6
172 9
175.8
170.6
181.2
175.5
171.4
179.9
176.0
178.3
173 7
178.8
174 9
182 6
196.1
184.3
197.2
181.8
192.6
178.3
187.7
195.4
193.4
180 8
$0 561
604
$0 560
60
$0 557
.60
$0 557
.598
1 CQ A
A
IfiQ
Q
I CQ C
m7
m
q
171 4
175.8
177.4
172 9
1 ftl S
185.9
$0.55
.59
177.4
172 9
1O1 Q
194.9
193.8
m
$0.552
.595
$0. 550
.59!
17Q ^
e
1 09 e
m
A
$0. 546
.588
$0.542
.584
t Beginning in the April 1976 SURVEY, data have been revised (back to 1967) to reflect new
seasonal factors.
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
August 1976
1975
June
July
Aug.
Sept.
1976
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
11 190
May
June
11 938
12 829
July
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE J
New construction (unadjusted), total
138,526
132,043
11,596 « 12,106
12,534
12,775
12,703
12,120
10,812
9 441
9,136
10 392
do_ __ 100, 179
do
50, 378
40,645
do
93, 034
46,476
*34, 412
8,055
4,164
2,951
8,364
4,415
3,189
8,556
4,578
3,333
8,770
4,617
3,447
8,769
4,558
3,530
8,528
4,380
3,443
7,805
3,847
2,923
6 879
3 328
2 603
6,583
3,069
2 414
7 728 r 8 289
3 983 r 4 401
3 055 r 3 379
r
r
r
8 855
4 787
3 730
9 327
5,218
4 149
29,644
7,902
15, 945
26, 406
8,017
12,804
2,178
692
1,026
2,237
704
1,060
2,279
693
1,103
2,329
689
1,132
2,333
678
1,154
2,251
669
1,086
2,155
689
1,010
1 848
563
854
1,974
573
937
2 069
2 061
r
2 096
1 008
r 580
r 1 018 i
2,107
581
1,014
4,279
3,689
305
321
299
306
331
292
327
220
236
316
300
298
38, 347
39,009
3,541
3,742
3,978
3,985
3,934
3,592
3,007
2, 337
2 664
r
2 901
r 3 083
14, 616
649
919
1 391
10, 345
1,205
56
82
102
1,039
1,316
1 086
r
1 051
mil. $..
Private, total 9
_ _
Residential (including farm)—.
New housing units
.
Nonresidential buildings, except farm and public utilities, total 9
.mil. $..
Industrial
do
Commercial _
_ do
Public utilities:
Telephone and telegraph
do
Public, total 9
do
Buildings (excluding military) 9
Housing and redevelopment
Industrial
Military facilities
Highways and streets
do
. do
..do
do
_ do
14, 993
1 007
766
1 188
12 069
New construction (seasonally adjusted at annual
rates), total
. _bil. $
Private, total 9
Buildings (excluding military) 9
Housing and redevelopment
Industrial
Military facilities
Highways and streets
r
1,356
60
63
131
1 154
1 306
55
91
142
992
1 212
56
87
132
688
r 1 143
r 48
r 74
r 121
1,271
1,338
59
63
145
1 234
129 7
133 1
132 2
136 3
136 2
138 0
137 8
136 9
139 3
144 5
'142 0
90 6
92 0
90 2
95 4
95 6
97 3
98 1
97 o
99 3
106.4
' 104 1 r
44 7
32 2
46 1
33 4
46.3
33.6
48 4
35 7
49 4
37.5
50 4
38 9
52 1
39 9
49 0
37 5
49 5
38 2
57 5
43.8
25 8
81
12 2
26 0
82
12 3
26 0
80
12 4
26 1
7.9
12 4
25 6
7.6
12 4
25 9
77
12 4
25 4
7 6
12 2
25 1
7.5
11 8
27 7
8.2
13 2
26.9
do
_
2 472
1 007
1,309
54
68
123
1 268
Residential (including farm)
do
New housing units.
- .
- do
Nonresidential buildings, except farm and public utilities, total 9
_ . bil. $
Industrial
do_ __
Commercial
_
do
Public utilities:
Telephone and telegraph
do ..
Public, total 9
r
589
586
62
68
111
'473
991
42
79
r 123
r 070
42
84
122
7.6
13.3
1 016
46
88
121
813
r 50
82
'r 117
685
' 486
r
56 0
44.2
25.4
r
7.2
12.6
3,502
r 140 3
142.5
104 1
103.9
r 55 1
56.1
45.0
r 44 o
r
25 3
'7.0
r 12 3
24.5
6.7
11.7
r3 5
38
3.3
36
3. 6
33
38
3.5
3.5
3.8
3.6
3.6
do
39 1
41 1
40 1
40 9
40 6
40 7
39 8
37.3
34.8
38.1
37.9
••36.2
38.6
do
do
do
do
do
14 4
g
'9
12
10 7
15 9
14 9
6
8
16
10 7
14 8
Q
'7
15
10 4
15 0
g
1?
16
10 4
14 5
6
10
16
10 4
14.0
6
.9
15
9 7
13.2
7
1.1
17
81
14.2
10.6
'11.6
.6
.9
1
4
r
9.9
13.2
.6
.9
1.5
9.6
12.9
13
11 4
14 7
6
9
14
11 0
9 09,4
9 044
in n°.7
7 692
157
7 767
166
5 573
148
5 431
137
6,390
183
6 149
170
8,908
185
9,408
189
9,836
205
10, 533
q f\A(\
2 725
4 967
2 544
5 223
1 597
3 976
1 724
3 708
1,655
4,734
1,719
4 430
2,192
6,716
2,383
7,025
3,915
5,921
3,136
7,397
2,526
2 966
2 200
2 629
3 189
1 949
1,859
2 404
1 309
1,865
2 233
1 334
1,939
2,157
2,294
1,996
2 546
1 608
2,561
3,618
2,729
2,741
4,003
2,664
2,819
3,955
3,062
2,805
4,166
3,562
6,041
7
9
.6
.9
1.5
.7
.9
1.4
9.9
CONSTRUCTION CONTRACTS
Construction contracts in 50 States (F. W. Dodge
Division, McGraw-Hill):
Valuation total
mil. $
Index (mo data seas adj )
1967—100
Public ownership
Private ownership
By type of building:
Nonresidential
Residential
Non-building construction
New construction planning
(Engineering News-Record) O
94 370
i 170
90 237
mil. $
do
32 497
61 873
31 415
58 822
3
5 432
3 784
5* 260
6
do
do
do
33 051
34 404
26 914
30, 577
31,347
28 313
3
3 169
3 116
run
3 165
3 093
2 757
4
do
97, 102
83,795
6,856
7,184
5,456
6,511
5,865
9,909
6,052
6,648
9,791
5,088
6,893
<= 5, 193
110.9
72 7
110 3
90 3
120.1
76 3
119 3
92 8
118.7
75 1
117 3
90 7
112.8
73.8
111 9
84.5
125.0
78 2
123 6
93 8
97.2
64.7
96 9
71 6
77.1
56 6
76 1
55.6
72.9
52.5
72.5
54.0
91.6
63.9
89.9
72.6
118.8
••85.1
118.4
92.4
137.5
94.3
137.2
107.8
' 148. 2 ' 156. 8
'97.7 r 106. 4
'147.9 ' 155. 9
' 112. 2 ' 120. 5
1 080
' 874
1 207
916
1 264
979
1,304
966
1,431
1,093
1,381
1,048
1,283
962
1,236
957
1,547
1,295
1,417
1,110
1,367
1,055
' 1, 422 'r 1, 527 1,387
1,128
1, 149
'1,065
'939
676
938
667
1 016
998
725
1,092
772
1,111
794
1,127
814
1,091
812
1,147
851
1,165
863
1,188
1,082
699
882
803
329.3
212.7
20.0
19.7
213
'20.8
225
20. 1
228
20.8
235
•ICO
1R Q
21 6
224
263
287
244
23 6
230
237
24 4
260
23.7
233
172 8
189 4
1 on 7
IRQ 9
188 7
190 2
190 2
191 0
192 2
193.1
193.0
193.7
' 195. 5
' 196. 3
198.8
1,608
1,821
1 711
1,552
1,536
1,716
1,871
1 827
1,698
1,659
1,710
1,869
1 798
1,690
1,677
1,733
1,881
1 815
1,734
1,700
1,743
1,902
1 873
1,743
1,701
1,763
1,905
1,872
1,736
1,700
1,762
1,902
1,871
1,734
1,699
1,767
1,908
1,873
1,736
1,702
1,778
1,918
1,886
1,793
1,710
1,801
1,949
1,892
1,804
1,725
1,811
1,960
1,900
1,816
1,737
1,818
1,965
1,903
1,851
1,741
1,834
1,980
1,908
1,881
1,747
1 Igg
' Ifi**
OQ1
QQ7
2 666
9 784
CQ7
187
8,003
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
Inside SMSA's
Privately owned
One-family structures
thous. . 1,352.5 1, 171. 4
do
766 8
932 2
do
1 337 7 1 160 4
do
892 2
' 888*1
-
Seasonally adjusted at annual rates:
Total privately owned
One-family structures
-
do
do
New private housing units authorized by building
permits (14,000 permit-issuing places):
Monthly data are seas. adj. at annual rates:
Total
.
thous
One-family structures
do
Manufacturers' shipments of mobile homes (Manufactured Housing Institute) :
Unadjusted
_
thous
Seasonally adjusted at annual rates
do
1,074
644
r
r
901
1,158 '1,150
r
829
807
137.7
86.4
137.0
113.1
1,219
875
CONSTRUCTION COST INDEXES
American Appraisal Co., The:
Average, 30 cities
Atlanta
New York
San Francisco...
St. Louis
_ _ . .1913=100-do.__
do
_ do
do
Boeckh indexes:
Average, 20 cities:
Apartments, hotels, office buildings
Commercial and factory buildings
Residences...
168.4
185.0
188.8
171.1
172.0
183.5
r
Revised.
v Preliminary.
1 Computed from cumulative valuation total,
t Data for new construction have been revised back to Jan. 1973. The revised
available from the Bureau of the Census, Washington, D.C. 20233.
1967 = 100 . .
_ do
--do
186.0
190.1
184.3
data are
199.8
194.4
191.7
190.6
188.2
205.3
200.5
196.0
194.6
192.0
198.1
191.8
190.3
189.0
186.5
©Data for July and Oct. 1975, and Jan., Apr., and July 1976 are for 5 weeks; other months,
4 weeks.
c
9 Includes data for items not shown separately.
Corrected.
SURVEY OF CURRENT BUSINESS
August 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
1975
1975
Annual
S-ll
June
July
Aug.
Sept.
1976
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
202.9
215.0
204.0
215.7
205.6
216.7
May
June
July
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
Engineering News-Record:
Building
1967 = 100.. 178.3
188.0
Construction
do
Federal Highway Adm.— Highway construction:
Composite (avg. for year or qtr.)
1967=100.__ . 201.8
CONSTRUCTION MATERIALS
Output index:
Composite, unadjusted 9
Seasonally adjusted..
1947-49=100.
do
Iron and steel products, unadjusted
Lumber and wood products, unadj
Portland cement, unadjusted
do
do
do
200.5
213.4
1
1
193.3
205.7
193.5
204.9
203.8
199.3
177 5
158 3
168 5
156 6
168 4
174 3
174 5
159 1
177 6
173 1
181 8
164 3
144.1
151 7
141.1
162 6
148 0
156 8
151. 3
171 3
183 4
190 5
181.8
171 6
215.3
140.9
166 9
182 9
138.9
170 3
213 8
135 5
172 7
232 3
146.0
179 2
234 3
157.1
186 6
232 7
151.9
197 9
248 8
122.1
157 7
169 5
123.3
162.3
136.3
123 8
179 9
106 2
120.5
175 9
122.7
156.7
202 2
168 0
87.1
82.3
161.1
157.7
7.7
84
11.1
125
6.0
68
14.8
156
5.6
67
13.7
156
6.4
71
14.5
171
8.3
93
16.5
185
6.1
87
13.8
186
5.2
71
11.4
175
4.4
68
12.7
191
6.0
84
13.6
185
7.2
74
15.7
165
8.4
94
18.3
193
534 43
986 02
597 49
674 34
511 79
848 30
516 06
841 58
C.RA. 1 K
Af\f\
OCR 91
452 16
864 31
456 01
792 50
QQA QQ
Rfift ^R
641 82
515 71
837 38
411 67
675 98
458 49 655 59 RAK. QH
756 54 1 250 56 709 55
17, 845
16, 803
16, 685
16,945
17,482
17, 578
17,606
17, 845
17, 106
16, 380
15, 757
15,236
14, 898
15,274
38 959
55 040
5 971
5 498
5 731
5 588
5 694
4 370
5 254
3 941
4 161
5 816
6 545 r 6 631
p g 355
7 566
23 560
7 833
10 097
32 106
12 837
989
3 6^6
1 346
1 055
3 118
1 325
980
3 500
1 °51
995
3 351
1 242
1 052
3 400
1 242
822
2 5g4
964
941
3 012
1 301
724
2 314
903
811
2 425
925
1 156
3 375
1 985
1 344 r 1 272
3 881 r 4' Q53
1 320 r 1 306
140 469
142 803
12 476
12 019
11 181
11 326
12 210
10 414
11 057
10 775
9 669
12 3°4
3,190
3,560
265
275
285
276
276
266
335
338
320
335
195.0
208.8
196.9
211.3
197.2
211.4
200.0
213.0
199.8
212.9
203.9
201.6
214.2
'206.9 ••209.5
' 219. 4 ' 224. 3
211. 0
224. 7
200.3
209.8
REAL ESTATE IT
Mortgage applications for new home construction:
FHA net applications
thous. units..
Seasonally adjusted annual rates
_do
Requests for VA appraisals
do
Seasonally adjusted annual rates
do
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount
mil. $
Vet. Adm.: Face amount§
do
o nqq 7^ 6 166 12
7 909 60 8 863 84
Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $_. 21,804
New mortgage loans of all savings and loan associations, estimated total
. mil. $
By purpose of loan:
Home construction
___
do
Home purchase _ _
do.
All other purposes
_
,_do
Foreclosures
_. _
_
Fire losses (on bldgs., contents, etc.)
number
_._mil. $_.
KA
8.5
94
15.1
177
8.3
87
15.8
170
9.6
114
15.0
166
15, 403
1 450
5*311
1 594
301
287
288
DOMESTIC TRADE
ADVERTISING
McCann-Erickson national advertising index,
seasonally adjusted:
Combined index.
1967=100
Network TV...
.
do
Spot TV
do
Magazines
.
.
do
Newspapers
do
Magazine advertising (general and natl. farm magazines) :
Cost, total
mil $
Apparel and accessories
_
do
Automotive, incl. accessories
do
Building materials. _ _
do
Drugs and toiletries.. _
do
Foods, soft drinks, confectionery
do
Beer, wine, liquors
_.
do
Household equip., supplies, furnishings .do
Industrial materials. _
do
Soaps, cleansers, etc
do
Smoking materials
do
Allother
do
Newspaper advertising expenditures (64 cities): ©
Total
mii. $
Automotive
do
Classified
do
Financial-..
.
do
G eneral
do
Retail
„
do
141
150
153
121
141
147
160
166
119
142
144
163
165
109
139
148
164
165
126
134
148
159
177
122
134
144
155
169
114
139
149
161
166
120
152
151
165
170
124
146
154
163
169
124
165
164
175
175
135
175
171
191
191
131
171
171
183
204
129
170
1,372.3 1,336.3
50.8
47.0
104.7
101.5
24.7
20.7
143.2
140.6
91.1
92.0
105.6
1.8
9.8
2.1
13.1
6.4
83.2
2.2
7.2
1.4
10.8
6.7
82.6
2.9
5.3
.9
12.0
5.1
118.7
6.6
6.1
2.1
11.4
6.2
136.1
5.5
11.3
2.0
12.2
9.4
152.0
5.1
14.0
1.9
12.8
12.8
120.4
3.3
9.4
1.4
10.9
9.6
93.0
2.7
7.6
.6
10.7
4.9
109.4
3.2
10.0
1.7
12.8
7.4
130.4
5.1
13.7
2.2
12.6
9.7
144.6
6.5
14.2
3.6
13.6
10.5
158.8
5.1
16.4
3.8
14.7
9.0
123.1
2.6
11.2
2.6
13.9
10.8
100.9
55.1
34.2
19.4
144.2
580.7
9.0
4.3
2.9
1.1
12.8
42.4
5.7
3.1
2.3
1.2
11.5
31.1
4.2
2.7
2.6
1.2
12.3
33.3
7.3
5.5
3.1
2.2
13.2
55.1
10.4
6.3
3.1
2.4
12.1
61.2
13.5
7.2
2.9
2.5
12.3
66.8
17.7
3.3
2.9
1.2
12.9
48.0
3.9
2.9
2.4
1.5
11.9
43.9
5.5
4.2
2.4
1.7
13.1
47.4
8.1
5.9
3.1
1.6
14.4
54.1
8.2
8.4
4.0
2.3
14.5
58.8
9.4
10.3
6.2
2.2
15.7
66.0
9.1
5.6
4.1
1.5
13.4
48.3
3,844.6 4, 100. 1
108.8
93.8
967.0
978.6
134.8
131.0
513.7
544.3
2,120.4 2, 352. 5
361.0
'8.9
'88.7
12.0
'49.2
202.1
294.8
6.2
80.5
10.8
32.8
164.6
329.8
5.9
91.2
6.3
33.4
193.1
334.0
8.6
83.1
12.0
45.6
184.8
379.8
9.9
85.7
13.5
53.1
217.6
403.4
9.0
83.7
10.2
54.6
245.9
347.0
4.6
63.4
11.0
43.3
224.7
348.3
8.9
87.6
13.6
49.7
188.4
383.0
9.3
99.1
9.4
54.3
211.0
409.6
9.8
104.3
14.1
60.7
220.7
427.3
10.9
105.4
13.8
63.0
234.3
463.5
10.3
118.6
10.4
66.0
258.1
422.9
9.5
109.3
12.3
58.4
233.5
36,3*8
15,733
20,655
36,916
15,721
21,195
36, 614
15,315
21, 299
37,855
16,340
21,515
39,569
16,704
22,865
35,827
14,835
20,992
37, 831
15,511
22, 320
35, 990
15, 129
20, 861
35,860
15,225
20,635
41,512
17,901
23,611
40, 198 '39,095
17, 815 ' 17, 342
22, 383 '21,753
42, 283
19, 125
23, 158
103.4
79.6
35.4
17.6
136.7
585.1
WHOLESALE TRADE
Merchant wholesalers sales (unadj.), totaL.mil. $
Durable goods establishments
do
Nondurable goods establishments
do
448, 127
202, 341
245,786
439, 000
185, 922
253, 078
Merchant wholesalers inventories, book value,
end of year or month (unadj.), total., mil. $
46, 695
45, 497 44,513 44,513 44, 678
Durable goods establishments
do
27, 529
27, 430 27.894 27,710 27, 365
Nondurable goods establishments do
19, 166
18, 067 16,619
16,803 17,313
r
Revised.
v Preliminary.
1 Index as of Aug. 1, 1976: Building 215.4.; construe tion,
227. 6
9 Includes data for ite ms not shown separat ely.
\ Data incl ude guar anteed d rect
loans sold.
44,764 45,612 45,865 45, 497 45, 945 46,604 46,857 46, 953 '47,422 47, 828
27,136 27,228 27,299 27, 430 27, 664 28,134 28,505 28, 723 '29,393 29, 640
17,628 18,384 18,566 18, 067 18, 281 18,470 18,352 18, 230 ' 18, 029 18, 188
fH ome moi-tgage ra tes (conv entional 1st morl gages) aire under money a nd inter est rates
on p. S-18.
es ource: M edia Rec ords, Inc . 64-Citjr Newsp iper Adv ertising Trend C tiart.
SUEVEY OF CUERENT BUSINESS
S-12
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
1975
August 1076
1975
June
Annual
July
Aug.
Sept.
1976
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
DOMESTIC TRADE—Continued
RETAIL TRADED
All retail stores: HQ
Estimated sale (unadj ) total If
537,782
584,423
49, 052
50,026
50,663
48,275
52,046
50,526
60,681
46,767
45,243
51, 752
54,633 ' 54,460 '55,305 i 55,373
167, 313
93, 089
84,773
8,316
180, 725
102, 105
93,046
9,059
16, 126
9,342
8,499
843
16,374
9,611
8,783
828
15,575
8,812
8,023
789
15,453
8,539
7,785
754
16,919
9,734
8,936
798
15, 248
8,422
7,647
775
16,855
8,412
7, 568
844
14,213
8,299
7,619
680
14,764
8,954
8,311
643
17, 758
10, 932
10, 135
797
18,670 - 18,511 19,555 i 18,774
11,339 ' 11,140 ' 11 835' 11,190
10,468 ' 10,298 10, 967
871
'842
868
Furniture, home furn., and equip. 9---do.,~
Furniture, home furnish ings stores— do __
Household appliance, TV, radio
do
25, 544
15,364
8,006
26, 123
15,283
8,420
2,144
1,269
697
2,167
1,283
7C8
2,177
1,281
707
2,184
1,247
730
2,308
1,379
721
2,389
1,419
747
2,925
1,534
1,042
2,138
1,228
693
2,064
1,226
654
2,304
1,366
728
2,311 '2,306
1,392 ' 1, 370
706
••723
Building materials and hardware..
do
Lumber, bldg. materials dealersd"
do
Hardware stores
. do _
23,491
18,328
5,163
23,974
18, 202
5,772
2,212
1,668
544
2,244
1,721
523
2,189
1,701
488
2,203
1,709
494
2,317
1,802
515
2,090
1,597
493
2,073
1,477
596
1,710
1,323
387
1,773
1,367
406
2,137
1,668
469
2,359 '2,460
1,820 ' 1, 891
'569
539
do
do
do
do
do
370, 469
24,864
5,668
9,551
3,979
403, 698
26, 749
6,085
10, 396
4,123
32, 926
2,072
502
797
323
33,652
1,970
440
783
303
35,088
2,279
475
899
374
32,822
2,191
450
872
382
35,127
2,300
491
942
362
35,278
2,409
549
942
361
43,826
3,894
969
1,435
485
32,554
1,976
461
767
303
30,479
1,768
378
715
272
33, 994
2,050
438
810
329
35,963 '35,949 ' 35,750 i 36,599
2,377 ' 2, 194 ' 2, 228 i 2, 192
521
'484
508
874
'874
903
332
'335
412
do
do
do
do
___do
16, 785
41, 840
119, 763
111,347
39, 910
18,098
47, 514
131, 723
122,666
43, 895
1,494
4,207
10, 789
10, 009
3,750
1,473
4,228
11,433
10,647
4,067
1,515
4,373
11,754
10,971
4,100
1,450
3,983
10,712
9,962
3,757
1,505
4,208
11,432
10,648
3,817
1,470
4,050
11,008
10,265
3,649
2,114
4,110
11,778
10,925
3,817
1,481
3,889
11,723
10,983
3,654
1,462
3,723
10,507
9,775
3,475
1,571
4,083
11,176
10, 384
3,779
1,591 ' 1, 598 ' 1, 612
4,218 '4,564 ' 4, 570
11,535 ' 11,770 ' 11,620
10,717 ' 10.930 ' 10,755
3,851 ' 3, 935 '4,035
U,606
14,760
i 12,420
i 11,514
14,338
89, 286
95,402
7,502
7,288
7,983
7,709
8,226
9,432
14,005
6,247
6,213
7,696
88,544
60, 719
5,995
9,120
10,974
6,973
4,827
407
713
909
6,759
4,611
443
665
968
7,427
5,066
496
789
953
7,099
4,904
520
700
876
7,531
5,104
635
737
930
8,778
6,032
690
830
936
13,353
9,437
722
1,456
1,268
5,748
3,918
366
555
841
5,718
3,840
432
563
786
7,074
4,776
579
670
848
' 7, 949 ' 8, 148
7,698 '7,386 ' 7, 569
5,394 ' 5, 196 ' 5, 377
443
444
521
632
'639
672
934
'931
886
'53,847
'52,868
53,696
17,843
82, 535
55, 871
5,839
8,714
10, 285
mil $
Durable goods stores 9
Automotive dealers ._
Passenger car, other auto, dealers
Tire battery, accessory dealers
do
do
do
do
Nondurable goods stores 9
Apparel and accessory stores ..
Men's and boys' wear stores
Women's apparel accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places.
Food stores
Grocery stores
,.
Gasoline service stations
General merchandise group with nonstores 9
- -. mil. $..
General merchandise group without nonstores 9 §
—mil. $._
Department stores .. do
Mail order houses (dept. store mdse.).do
Variety stores
do
Liquor stores
do
' 2, 434 12,450
1,427
782
2, "17
2,037
580
8,292
i 7, 297
i 5, 130
153,205
48,652 r 49,411
49,774
49,644
49,995
50,552
51,283
51,592
52,601
53, 344
_do
15,006
8,521
7,736
785
15, 372
8,831
8,065
769
15, 410
8,802
8,048
754
15, 417
8,682
7,919
763
15, 772
8,998
8,246
752
15, 904
8,945
8,188
757
16, 239
9,666
8,899
767
16,730
9,605
8,778
827
17,397
10,346
9,509
837
17, 403
10, 162
9,307
855
18,046
10,704
9,875
829
Furniture, home furn., and equip. 9
do
Furniture, homefurnishings stores — do
Household aDDliance TV radio
do
2,156
1,243
716
2,159
1,264
691
2,182
1,270
702
2,203
1,279
724
2,246
1,319
723
2,335
1,375
748
2,347
1,370
764
2,273
1,326
713
2,332
1,385
736
2,388
1,392
792
2,385
1,402
756
Building materials and hardware
Lumber, bldg. materials dealers cf Hardware stores
1,976
1,496
480
1,978
1,499
479
1,986
1,508
478
2,052
1,563
489
2,088
1,597
491
2,162
1,665
497
2,186
1,685
501
2,255
1,748
507
2,291
1,746
545
2,364
1,815
549
33, 646 '34, 039
2,214
2,219
514
508
858
873
345
334
34, 364
2,317
520
937
350
34, 227
2,249
505
876
352
34, 223
2,256
501
891
351
34,648
2,289
513
888
358
35,044
2,337
516
885
364
34,862
2,311
505
906
354
35,204
2,369
507
935
374
35, 941
2,377
529
915
375
1,524
3,972
11, 043
10,278
3,596
1,518
3,946
11, 241
10, 491
3,763
1,520
3,938
11, 166
10, 425
3,821
1,526
3,956
11, 137
10, 384
3,784
1,525
4,072
11, 149
10, 384
3,727
1,556
4,163
11,250
10, 464
3,716
1,569
4,219
11, 247
10,463
3,853
1,522
4,213
11,433
10,642
3,867
1,572
4,174
11,424
10,625
3,861
1,643
4,321
11, 567
10, 749
3,892
2,340 ' 2, 292 2,291
1,796
1,800 '1,792
495
'500
540
i 35,770
35,650 ' 35,449 '' 36,096
339 i 2, 383
2,229 ' 2,265 2, 528
'496
506
'895
887
349
'348
339
' 1, 622 i 1, 624
1,605 '1,609 '4,307
i 4,363
4,304 '4,355
i 11,512
11,448 ' 11,629 ''11,728
i 10,661
10,886
'
10,790
10,643
13,958
3,886 ' 3, 809 ' 3, 880
7,966
7,878
8,091
8,076
7,956
8,314
8,459
8,022
8,401
8,606
7,443
5,075
524
753
899
7,849
5,408
533
764
918
7,996
5,471
568
785
939
Estimated sales (seas, adj.), totalUJ.. __ do
Durable goods stores 9 i
Automotive dealers
do
do
Tire, battery,' accessory dealers
do
do ._
do
Nondurable goods stores 9 J
do _
Apparel and accessory stores
do _
Men's and boys' wear stores
do
Women's apparel, accessory stores... do
Shoe stores
do
Drug and proprietary stores
Eating and drinking places
Food stores
Grocery stores
_
Gasoline service stations
_.
do
do
do
do
do
General merchandise group with nonstores 9 __
_ _
. mil. $
General merchandise group without nonstores 9 §
mil $
Department stores
do
Mail order houses (dept. store mdse.) .do
Variety stores
_ do
Liquor stores
do
Estimated inventories, end of year or month:
Book value (unadjusted), total
mil. $_.
Durable goods stores 9 _
do
Automotive dealers.
_.
do
Furniture, home furn., and equip
do
Building materials and hardware
do
7,393
5,072
496
768
935
7,301
5,012
506
725
926
7,515
5,172
514
794
925
7,493
5,150
529
771
933
7,369
5,031
522
756
928
7,733
5,35
493
766
930
7,870
5,427
532
771
920
' 17,419 '17,751 i 17,435
' 10,249 '10,487 i 10,145
9,688
'9,456
799
'793
'2,380 '2,429 12,423
1,384
' 1, 359
794
'782
18,263
8,337 ' 8, 187 ' 8, 492
17,671
'7,873
'7,604
7,745
5,416 ' 5, 324 ' 5, 566 15,400
521
508
528
663
'663
663
950
'938
941
72, 056
33, 747
17, 255
5,186
4,425
71, 127
32, 725
16,246
4,755
4,600
71,669
33, 419
16, 562
4,662
4,755
71,268
32, 725
16, 096
4,640
4,642
70, 295
31, 243
14, 738
4,658
4,673
72,327
31,984
15,321
4,725
4,650
75,854
32, 629
15, 678
4,877
4,677
76,620
33,208
16,056
4,911
4,680
71, 127
32, 725
16,246
4,755
4,600
71, 256
32, 967
16,413
4,660
4,728
73,350
33, 762
16,987
4,619
4,842
75, 914
35,017
17, 664
4,753
5,044
76,996
35, 548
17, 864
4,868
5,111
77, 018
35, 551
17, 770
4,884
5,110
77,555
35, 772
17,768
4,899
5,041
38,309
5,280
8,130
38, 402
5,293
8,247
38,250
5,353
7,865
38,543
5,377
7,889
39, 052
5,508
7,896
40,343
5,820
8,074
43,225
6,127
8,346
43, 412
6,099
8,434
38,402
5,293
8,247
38, 289
5,237
8,072
39,588
5,513
8,154
40, 897
5,798
8,219
41, 448
5,861
8,334
41, 467
5,830
8,339
41,783
5,922
8,383
15, 540
9,246
15,006
9,128
15, 765
9,373
15, 954
9,478
16,310
9,772
16,978
10,267
18, 895
11, 574
18,732
11, 662
15, 006
9,128
15, 239
9,232
16, 072
9,712
17, 082
10,440
17, 707
10, 941
17, 914
11,064
17, 870
10, 875
74,082
34,649
17, 794
5,238
4,581
73, 081
33, 592
16,748
4,798
4,762
70,840
31,909
15, 294
4,657
4,635
71,503
32, 270
15,540
4,677
4,624
72,578
33, 324
16, 729
4,686
4,706
73,049
33,471
16,671
4,701
4,745
74,642
33, 813
17,004
4,749
4,787
73, 839
33, 712
16, 795
4,718
4,830
73, 081
33, 592
16, 748
4,798
4,762
73, 610
33, 510
16, 596
4,789
4,820
74,344
33, 490
16,492
4,742
4,823
75,089
33, 920
16, 617
4,801
4,931
75, 652
33, 994
16, 587
4,849
4,929
75, 710
33, 936
16,484
4,855
4,918
76, 671
34, 150
16,406
4,894
4,913
39,433 39,489 38,931 39, 233 39, 254
Nondurable goods stores 9
do
5,517
5,537 5,547
5,538 5,432
Apparel and accessory stores
...do
8,010
8,024
Food stores
do
8,125
7,873 7,977
General merchandise group with nonstores
mil. $
16, 621
16,049 16, 055 16, 156 16, 289
Department stores. _.
_
do
9,742 9,597
9,868
9,696 9,841
r
Revised. l Advance estimate.
t Data may be understated because of deficiencies in
the probability sample being used for current estimates (the 1972 Census of Retail Trade
indicates that total retail sales for 1972 were 4.8 percent higher than the estimates made from
the sample). A comprehensive revision of the survey (including the selection of a new and
improved sample) is now underway; revised data will be introduced upon its completion.
39,578
5,517
8,189
40,829
5,668
8,190
40,127
5,534
8,079
39, 489
5,537
8,125
40, 100
5,674
8,195
40,854
5, 749
8,303
41, 169
5,827
8,235
41, 658
5,885
8,334
41, 774
5,931
8,356
42, 521
6,137
8,391
Nondurable goods stores 9
do
Apparel and accessory stores
do
Food stores
do
General merchandise group with nonstores
mil $
Department stores
do
Book value (seas, adj ) total
Durable goods stores 9
Automotive dealers
Furniture, home furn., and equip
Building materials and hardware
do
do
do
do
do
16,392 17,345 16,767 16, 049 16,500 16, 943 17, 299 17, 757 18,046 18, 189
9,742 10, 013 10,332 10, 556 10, 930 11, 120 11,131
9,958 10, 541 10, 257
9 Includes data not shown separately.
cf Comprises lumber yards, building materials
dealers, and paint, plumbing, and electrical stores.
§ Except department stores mail order.
tSeasonally adjusted data have been revised back to Jan. 1973 to reflect new seas. adj.
factors (revisions prior to May 1975 are available from the Bureau of the Census, Wash.,
D.C.2
SURVEY OF CURRENT BUSINESS
August 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
S-13
1976
1975
1975
Annual
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Firms with 11 or more stores:
Estimated sales (unadj.), total 9—
Apparel and accessory stores 9
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
183, 076
14, 687
14,729
15,710
14,744
15,870
16,606
21, 871
14, 124
13,349
15,389
16242
6,428
2,390
1 737
6,451
6,834
2,598
1,806
7,103
534
201
140
592
468
188
115
570
606
239
166
604
580
223
165
571
582
224
155
594
617
232
157
593
1,014
378
234
937
444
166
117
575
401
153
107
578
498
188
133
639
618
226
172
647
70, 597
75, 629
5,948
5,745
6,349
6,119
6,522
7,536
11, 299
4,868
4,876
6,122
6,595 ' 6, 295
6,482
67, 289
49 802
6 988
72, 339
54 159
7 355
5,688
4 321
576
5,505
4 140
528
6,092
4 543
636
5,827
4 373
566
6,175
4,547
596
7,212
5 365
682
11, 010
8 353
1,196
4,650
3 489
437
4,636
3 425
453
5,796
4,270
549
6,315 '6 029
4 821 '4 634
535
'502
6 207
4 807
494
62, 614
2 168
68, 432
2,251
5,457
215
5,812
195
6,023
195
5,454
180
5,977
200
5,788
185
6,108
202
6,212
153
5,504
142
5,877
182
6,034 '6,064
219
' 192
5,928
213
do
15, 317
15, 351
15 578
15 508
15, 387
15, 826
15, 978
15 663
16079
16,420
15,999 ' 15 978 16 334
do
do
do
do
570
213
151
601
555
221
135
591
603
240
155
603
577
223
148
608
567
217
154
604
577
218
155
624
601
219
164
629
576
221
145
622
586
222
149
654
581
209
158
691
6,341
6,215
6,449
6 425
6,314
6,608
6 718
6 359
6,677
6,844
6,625 '6 495
6,783
6,067
4,533
620
5,943
4,471
577
6,176
4,613
647
6 146
4 593
624
6,037
4,491
610
6,327
4,777
618
6 437
4,836
626
6 084
4,525
608
6 420
4,817
626
6,534
4,886
647
6,352 '6 227
4,831 ' 4, 743
527
'523
6,490
4,961
517
5,734
191
5,871
181
5,797
186
5,782
188
5, 766
184
5,859
187
5,826
187
5,871
191
5,957
187
6,009
193
5,921 ' 6, 040 6,111
190
' 181
191
do
do _
do
do
General merchandise group with nonstores 9
mil. $
General merchandise group without nonstores §
mil $
T)ept stores excl mail order sales
do
Variety stores
do
Grocery stores
Tire battery accessory dealers
Estimated sales (seas adj ) total 9 t
Apparel and accessory stores 9
^^omen's apparel accessory stores
Shoe stores
Drug and proprietary stores
do
do
General merchandise group with nonstores 9
mil $
General merchandise group without nonstores §
m il $
Dept stores excl mail order sales
do
Variety stores
do
Grocery stores
Tire battery accessory dealers
do
do
All retail stores, accts. receivable, end of yr. or mo.:
Total (unadjusted)
mil $
Durable goods stores
do
Nondurable goods stores
do
Charge accounts
Installment accounts
Total (seasonally adjusted)
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts
T
169, 434
. . mil. $
541
210
136
656
15,901 15 933
'542
'206
"•128
'652
'559
'207
'134
'664
28 916
8,578
20 338
29, 625
8,901
20 724
27 341 26, 988
8 781 8,795
18 560 18 193
27,089
8,830
18,259
27376
8,979
18397
27,563
9,015
18 548
27, 726
8,781
18 945
29 625
8 901
20 724
28 221
8 433
19 788
27802
8,564
19 238
27 819
8,684
19 135
28,389
8,962
19,427
28,728
9,171
19, 557
do
do
10 806
18 110
11, 428
18, 197
11 049
16 292
10 813
16 175
10709
16380
10 940
16436
11 196
16,367
11 069
16 657
11 428
18 197
10 990
17 231
10 891
16 911
11 203
16,616
11, 874
16, 515
12, 210
16, 518
do
do
do
27 035
8 434
18 601
27, 764
8 799
18 965
27 402 27 609
8 593 8 719
18 809 18 890
27525
8 632
18 893
27612
8 726
18 886
27,617
8 767
18 850
27 460
8 756
18 704
27 764
8 799
18 965
27895
8 749
19 146
28173
8 995
19 178
28,439 28, 716
9 040 9,192
19,399 19, 524
28, 560
9 054
19, 506
do
do
10 374
16 661
11, 028
16, 736
10 786
16 616
10 794
16 731
10 910
16702
11 016
16 601
10 942
16 518
11 028
16 736
11 330
16565
11 399
16 774
11 620
16,819
11, 929
16, 787
11, 778
16, 782
10 938
16 671
547
204
127
651
572
213
133
649
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, Incl. armed forces overseas!
mil
*211. 90
1213 54
213 38
213 54
213 72
213 89
214 04
214 19
214 30
214 44
214. 55
214. 65
214. 76
214. 86
214. 99
215. 12
93, 240
91 Oil
85 936
3 492
82,443
5 076
94, 793
92 613
84 783
3 380
81, 403
7 830
96, 191
94 013
85 444
3 869
81,575
8 569
97,046
94 859
86 650
4 090
82, 560
8 209
96, 493
94 308
86 612
3,886
82, 726
7,696
94, 965
92 795
85 274
3 626
81, 647
7 522
95, 431
93 267
86 023
3 524
82,499
7 244
94,943
92 787
85 556
3 156
82,400
7 231
94,888
92 731
85 536
2,856
82,680
7,195
94, 805
92 665
84 491
2,853
81, 638
8,174
94, 944
92 798
84 764
2,802
81, 963
8,033
95, 260
93 112
85, 588
2,897
82, 691
7,525
95, 618
93 474
86, 584
3,273
83,311
6,890
95,724
93 582
87, 278
3,415
83,863
6,304
98, 251
96, 114
88, 460
3, 780
84, 680
7,655
99, 325
97, 185
89,608
3,931
85,677
7,577
92,569
84,498
3,350
81, 148
93 063
84, 967
3 439
81 528
93,212
85,288
3 464
81 824
93 128
85 158
3 512
81 646
93 213
85 151
3 408
81 743
93 117
85, 178
3 301
81 877
93 129
85, 394
3 236
82 158
93 484
86, 194
3,343
82 851
93 455
86, 319
3,170
83 149
93, 719
86, 692
3,179
83, 513
94, 439
87, 399
3,417
83, 982
94, 557
87, 697
3,329
84, 368
94, 643 95,333
87,500 87, 907
3,294 3,341
84,206 84,566
LABOR FORCE cf
Not Seasonally Adjusted
Labor force, persons 16 years of age and over__thous__
Civilian labor force
do
Employed, total
do
Agriculture
do
Non agricultural industries
do
Unemployed
do
Seasonally Adjusted cf
Civilian labor force
.
do
Employed, total
. do
Agriculture
do
Nonagricultural industries
do
937
2,483
8,071
2,751
8 096
2,954
7 924
2,878
7 970
2 934
8 062
2 719
7 939
3,004
7 735
3,080
7 290
2,785
7,136
2,515
7,027
2,294
7,040
2,035
6,860
1,998
7,143
2,215
7,426
2,317
5.6
3.8
5.5
16.0
8.5
6.7
8.0
19.9
8.7
7.0
8.2
20.7
8.7
71
8.0
20 5
8.5
68
7.9
20.7
86
72
7.8
19 4
8
7
7
19
6
2
9
8
8.5
71
7.9
19 0
8.3
6.6
8.0
19.6
7.8
5.8
7.5
19.9
7.6
5.7
7.5
19.2
7.5
5.6
7.3
19.1
7.5
5.4
7.3
19.2
7.3
5.6
6.8
18.5
7.5
6.0
7.1
18.4
7.8
6.1
7.6
18.1
5.0
99
2.7
7.8
13 9
5.1
8.0
14.0
5.5
8.1
13 4
55
7.8
14 3
52
78
14 4
55
80
14 3
53
7.8
13 9
51
7.6
13 8
48
7.1
13 2
4.1
6.8
13.7
4.1
6.8
12.5
4.1
6.7
13.0
3.9
6.6
12.2
4.0
6.8
13.3
4.4
7.1
12.9
4.5
Occupation: White-collar workers..
4.8
3.3
4.7
4.6
4.8
Blue-collar workers
12.4
6.7
11 7
12 3
11 9
Industry of last job (nonagricultural):
Private wage and salary workers
5.7
9.2
9.6
9.4
9.3
C onstruction
10.6
20 4
18 1
20.5
19 7
Manufacturing
5.7
11
1
10.9
11 5
12.0
Durable goods..
5.4
12.7
11.3
12.1
12.0
'Revised.
1 As of July 1.
9 Includes data not shown separately.
§ Except department stores mail order.
t See corresponding note on p. S-12.
t Revisions back to Oct. 1973 appear in "Population Estimates and Projections: Estimates
?T i £2Rulation of the United states and Components of Change—1930-75," P-25, No. 632
(July 1976), Bureau of the Census.
4.8
11 9
4.8
11 6
4.8
11 3
4.8
10 7
4.7
9.4
4.6
9.3
4.6
9.1
4.8
9.0
4.6
9.0
4.4
9.3
4.8
9.6
Unemployed
do
Long-term, 15 weeks and over
do
Rates (unemployed in each group as percent
of total in the group) :
All civilian workers
Men, 20 years and over..
Women, 20 years and over
Both sexes, 16-19 years
White
Negro and other races
Married men, wife present .
8.0
7.8
7.6
7.6
7.7
8.0
9.2
8.1
8.9
9.2
9.2
17.7
17.0
14.1
16.0
15.3
15.5
15.4
16 6
18 1
17 5
18 7
7.6
7.8
7.3
7.3
7.6
8.0
8.1
9.6
10 8
10 6
10 5
7.5
7.3
7.4
7.4
7.7
8.2
8.0
9.9
10.8
11.5
11.1
^Beginning in the Feb. 1976 SURVEY, data (revised back to Jan. 1971) reflect new seasonal
factors and a modification of the procedures previously used to seasonally adjust a few of the
series (teenage unemployment and those few other unemployment series of which teenagers
are the exclusive or major part). Comparable monthly data back to 1967 appear in EMPLOYMENT AND EARNINGS (Feb. 1976), USDL, BLS.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1974
1976
1975
1975
Annual
August 1976
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
June »
July p
May
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seasonal variation. ..thous..
Private sector (excl. government)
do
78, 413
64, 236
76, 985
62, 212
77, 183
62, 387
76, 439
62, 220
76,900
62,788
77,614
63,054
78,193
63,132
78,339
63,151
78, 527
63, 300
77,091
62,050
77,339
62,098
77,906
62,584
78,688 '79,115 '79,760
63,392 ••63,826 '64,592
78, 817
64, 287
Total employees, nonagricultural payrolls.. _do
Private sector (excl. government)..
do
Nonmanufacturing industries
do
Goods-producing
do
Mining
do
Contract construction
do
78, 413
64, 236
44, 190
24, 697
694
3,957
76, 985
62, 212
43, 865
22, 549
745
3,457
76, 343
61, 652
43, 552
22, 233
741
3,392
76, 679
61, 863
43, 779
22, 222
743
3,395
77,023
62,168
43,914
22,418
749
3,415
77,310
62,465
44,048
22,601
752
3,432
77,555
62,591
44,098
22,669
774
3,402
77,574
62, 599
44,117
22,657
766
3,409
77, 796
62, 793
44, 225
22, 743
769
3,406
78,179
63,214
44,492
22,914
764
3,428
78,368
63,370
44,607
22,901
763
3,375
78, 630
63, 595
44, 718
23, 013
770
3,366
78,963
63,889
44,916
23,144
772
3,399
'78,923
'63,852
'44,888
'23,123
773
'3, 386
'78,900
'63,839
'44,901
'23,073
'780
'3, 355
79, 121
63,974
45,043
23, 081
790
3,360
Manufacturing
do
Durable goods
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical equipment and supplies, .do
Transportation equipment
do
Instruments and related products. .do
Miscellaneous manufacturing
do
20, 046
11, 895
177
626
517
690
1,344
1,505
2,218
2,030
1,821
520
448
18, 347
10, 679
171
557
451
614
1,180
1,336
2,069
1,761
1,649
489
404
18, 100
10, 527
173
552
437
605
1,149
1,317
2,035
1,723
1,657
481
398
18, 084
10, 465
172
557
441
604
1,134
1,298
2,017
1,712
1,645
482
403
18,254
10,563
167
563
452
610
1,148
1,331
2,013
1,747
1,645
481
406
18,417
10, 650
165
568
464
615
1,169
1,340
2,035
1,755
1,643
486
410
18,493
10, 661
164
576
467
615
1,149
1,344
2,039
1,767
1,641
490
409
18,482
10,653
161
576
470
616
1,146
1,339
2,032
1,764
1,648
492
409
18, 568
10,717
163
581
473
616
1,158
1,344
2,030
1,773
1,676
494
409
18,722
10,820
162
592
477
616
1,162
1,358
2,039
1,785
1,712
498
419
18,763
10,846
162
595
484
612
1,168
1,369
2,039
1,795
1,699
501
422
18, 877
10, 937
161
596
487
616
1,173
1,381
2,049
1,818
1,726
505
425
18,973
11,000
161
597
492
624
1,181
1,389
2,054
1,828
1,739
510
425
'18,964
'11,046
' 161
'600
495
626
' 1, 187
' 1, 391
'2,064
1,833
1,748
512
'429
'18,938 18, 931
'11,050 11, 024
156
'158
605
'603
491
'491
630
'627
1,201
' 1, 197
1,376
' 1, 389
'2,063 2,069
'1,833 1,819
1,743
' 1, 748
512
514
422
427
8,151
1,713
80
988
1,348
702
1,112
1,057
199
676
278
7,668
1,676
78
902
1,235
643
1,079
1,013
197
588
257
7,573
1,671
75
891
1,215
627
1,073
1,OCO
197
572
252
7,619
1,668
79
897
1,245
633
1,068
999
199
575
256
7,691
1,688
78
918
1,245
639
1,072
1,008
199
588
256
7,767
1,693
80
938
1, 261
648
1,075
1,011
200
599
262
7,832
1,695
79
953
1,287
652
1,071
1,019
201
608
267
7,829
1,688
81
950
1,290
652
1,072
1,020
202
604
270
7,851
1,688
79
955
1,299
658
1,074
1,018
201
608
271
7,902
1,700
79
958
1,314
665
1,069
1,024
203
615
275
7,917
1,709
77
964
1,306
667
1,069
1,029
204
617
275
7,940
1,695
75
964
1,322
671
1,075
1,030
204
627
111
7,973
1,707
75
972
1,317
674
1,077
1,033
204
634
280
' 7, 918
'1,712
75
973
' 1, 315
'678
' 1, 079
'1,031
203
'573
279
' 7, 888
' 1, 707
'75
'967
' 1, 314
'672
' 1, 074
' 1, 029
202
'573
'275
53, 715
4,696
17,017
4,223
12, 794
4,208
13, 617
14, 177
2,724
11,453
54, 436
4,498
16, 947
4,177
12, 771
4,223
13, 995
14, 773
2,748
12, 025
54, 110
4,469
16, 877
4,153
12, 724
4,202
13, 871
14, 691
2,738
11, 953
54,457
4,464
16, 984
4,161
12, 823
4,203
13, 990
14, 816
2,745
12, 071
54,605
4,466
17, 016
4,159
12,857
4,218
14, 050
14,855
2,756
12,099
54,709
4,467
17,045
4,181
12,864
4,239
14,113
14,845
2, 765
12,080
54,886
4,476
17,043
4,180
12,863
4,246
14,157
14,964
2,767
12,197
54, 917
4,496
17,010
4,174
12,836
4,248
14,188
14,975
2,761
12,214
55, 053
4,477
17, 080
4,190
12, 890
4,264
14, 229
15, 003
2,755
12, 248
55,265
4,494
17,233
4,214
13,019
4,266
14,307
14, 965
2,746
12, 219
55,467
4,517
17,326
4,236
13,090
4,266
14,360
14,998
2,740
12,258
55,617
4,498
17,386
4,236
13, 150
4,276
14, 422
15, 035
2,732
12,303
55,819
4,510
17,444
4,255
13,189
4,293
14,498
15, 074
2,730
12,344
'55,800
' 4, 498
'17,439
' 4, 262
'13,177
4,278
'14,514
15, 071
2,727
12, 344
'55,827 56,040
' 4, 487 4,496
'17,452 17,518
' 4, 254 4,260
'13,198 13, 258
' 4, 300 4,305
'14,527 14, 574
'15,061 15, 147
2,719
' 2, 725
'12,336 12, 428
53, 029
14, 613
51, 046
13, 070
51, 207
12, 981
51, 041
12, 744
51, 601
13,180
51, 873
13,428
51, 950
13,420
51,952
13,370
52, 113
13, 329
50,872
13,243
50,907
13,290
51, 361
13,409
52,102 '52,497 '53,200
13,529 '13,571 '13,764
Production or nonsupervisory workers on private
nonagricultural payrolls
__.
thous..
Goods-producing _ .
do
Mining. .
do
Contract construction
do
Manufacturing
do
Durable goods
do
Ordnance and accessories
do
Lumber and wood products
..do
Furniture andfixtures._ _ ..
do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products. _.
do
Machinery, except electrical
"do"""
Electrical equipment and supplies -- .do
Transportation equipment
do
Instruments and related products, do
Miscellaneous manufacturing
...do
53, 029
18, 374
527
3,234
14, 613
8,641
85
533
423
552
1,074
1,150
1,495
1,372
1,285
322
350
51, 046
16, 397
565
2,762
13, 070
7,543
80
464
364
485
919
996
1,346
1,140
1,148
293
309
50, 536
16, 122
561
2,712
12, 849
7,404
82
459
351
477
889
979
1,317
1,106
1,155
286
303
50, 736 51, 052
16, 115 16,312
561
567
2,711
2,734
12, 840 13,011
7,348 7,450
77
81
469
463
366
355
483
477
892
878
960
993
1,300
1,300
1,097
1,131
1,142
1,143
286
287
307
311
51, 315
16,467
569
2,741
13,157
7,527
75
475
379
488
911
1,000
1,314
1,139
1,140
291
315
51,435
16,532
585
2,712
13,235
7,548
75
483
381
488
894
1,004
1,319
1,151
1,144
295
314
51,420
16,512
581
2,709
13,222
7,539
71
481
384
489
892
1,000
1,310
1,147
1,155
296
314
51, 592
16, 600
587
2,702
13,311
7,603
73
485
387
489
903
1,006
1,308
1,160
1,182
298
312
51,963
16,744
582
2,714
13,448
7,698
73
496
390
489
907
1,020
1,317
1,171
1,211
302
322
52,103
16,723
577
2,659
13,487
7,722
73
497
397
486
911
1,030
1,318
1,179
1,202
304
325
52, 293
16, 815
583
2,655
13, 577
7,795
73
498
399
489
917
1,040
1,326
1,197
1,224
305
327
52,551
16,942
586
2,688
13,668
7,858
74
500
404
497
925
1,049
1,328
1,209
1,236
310
326
Nondurable goods.
do
Food and kindred products..
IldoIIII
Tobacco manufactures. _
..do
Textile mill products...
~."~~do~~~~
Apparel and other textile products ...do.."
Paper and allied products
do
Printing and publishing..
do
Chemicals and allied products
do.. I]
Petroleum and coal products
do
Rubber and plastics products, nec_..do._.
Leather and leather products
~ IldoIIII
5,972
1,164
66
862
1,163
540
671
612
126
530
237
5,528
1,136
65
782
1,061
483
636
570
125
450
219
5,445
1,133
62
771
1,043
469
631
560
125
436
215
5,492
1,131
65
111
1,071
474
629
560
127
439
219
5,561
1,147
65
800
1,071
479
632
566
128
453
220
5,630
1,150
66
819
1,086
487
632
573
128
463
226
5,687
1,154
65
832
1,107
490
630
579
129
471
230
5,683
1,143
67
831
1,112
492
629
580
130
466
233
5,708
1,144
66
836
1,121
497
631
579
130
470
234
5,750
1,156
66
837
1,133
502
627
583
131
477
238
5,765
1,166
64
841
1,127
505
626
587
132
479
238
5,782
1,153
62
842
1,140
508
629
588
132
488
240
34, 656
4,058
15, 065
3,526
11, 540
3,240
12. 293
34, 652
3,857
14, 964
3,462
11, 502
3,221
12, 607
34, 414
3,831
14, 896
3,440
11,456
3,208
12, 479
34, 621
3,827
14, 992
3,448
11, 544
3,203
12, 599
34, 740
3,825
15, 032
3,445
11, 587
3,218
12,665
34,848 34,903
3,828 3,835
15, 076 15, 077
3,463 3,459
11, 613 11,618
3, 231 3,232
12,710 12,759
34,908
3,854
15,031
3,452
11,579
3,240
12, 783
34, 992
3,832
15, 087
3,467
11,620
3,251
12, 822
35,219
3,854
15,226
3,492
11,734
3,258
12,881
35,380
3,880
15,304
3,509
11,795
3, 258
12,938
35, 478
3,863
15, 349
3,505
11, 844
3,268
12, 998
Seasonally Adjusted
Nondurable goods
do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile products, .do
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products
do"]"
Petroleum and coal products
do
Rubber and plastics products, nee. do
Leather and leather products
do
Service-producing
Trans., comm., electric, gas, etc
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government
Federal
..
State and local
do
do
do
do
do
do
do
do
do
do
Production or nonsupervisory workers on private
nonagric. payrolls, not seas, adjusted
thous
Manufacturing .
do
7,907
1,716
77
982
1,312
671
1,070
1,031
202
573
273
52, 838
13, 452
Seasonally Adjusted
Service-producing
do
Transportation, comm., elec., gas etc
do
Wholesale and retail trade
.".""do
Wholesale trade ...
do
Retail trade
do
Finance, insurance, and real estate
do
Services
do
'Revised.
*> Preliminary.
'52,524
'16,924
'585
' 2, 683
'13,656
'7,900
73
'502
'408
499
'931
' 1, 051
' 1, 337
1,215
1,241
313
'330
'52,500 52, 584
'16,873 16, 875
601
'592
' 2, 661 2,675
'13,620 13, 599
' 7, 894 7,858
71
'72
505
'503
402
'403
503
500
946
'940
1,034
' 1, 048
1,327
' 1, 332
1,200
' 1,215
1,233
1,240
315
313
322
'328
5,810 ' 5, 756 ' 5, 726
1,164 ' 1,168 ' 1,163
62
62
'61
848
'843
'850
1,135 ' 1, 132 ' 1, 131
512
'515
'510
630
632
'628
590
'587
'589
133
132
131
494
'434
'435
242
241
'238
35,609
3,869
15,411
3,520
11,891
3,276
13,053
'35,600
' 3, 851
'15,409
' 3, 528
'11,881
3,260
'13,080
5,741
1,171
65
857
1,127
508
626
587
130
434
236
'35,627 35,709
' 3, 844 3,849
'15,418 15, 476
' 3, 520 3, 526
11, 898 11, 950
3,285
' 3, 282
'13,083 13,099
SURVEY OF CURRENT BUSINESS
August 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
S-15
1976
1975
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June*
July
••36.2
'36.1
r 42 5
r 37 2
40.2
40 2
32
36.1
36.4
r 42 2
36.2
36.6
42 4
36 6
39.9
40.1
31
40 9
'40.8
40 7
'32
'41.1
'39 9
'41.3
T
40 9
40.9
41.1
40.2
'42.2
40.8
38.7
'41.2
'41.2
'40.8
'41.1
'40.0
'42.2
'40.6
38.6
40 6
32
41.1
39.4
38 8
41.3
41.4
40.6
41.4
40.0
41.1
40.9
38.5
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
AVERAGE HOURS PER WEEK
Seasonally Adjusted
Avg. weekly hours per worker on private nonagric.
payrolls:1I Seasonally adjusted
hours..
Not seasonally adjusted
do
Mining
do
Contract construction
_
do..
Manufacturing: Not seasonally adjusted. . .do
Seasonally adjusted
do
Overtime hours
do_.
9 ft
36.4
36.5
42 8
37 3
40.8
40 3
30
36.5
36.0
43 0
37 7
39.9
40.5
30
36.4
36.0
43 i
37 9
39.9
40 3
31
36.2
35.9
42 8
35 9
40.0
40.2
32
36.1
35.9
42.6
37 5
39.2
39.4
2 5
40 0
2 6
41.6
39 8
38 9
40.8
39 9
40 4
40.6
39.6
40.4
39 7
38.8
40 2
40 7
40.9
40 2
40 5
40.9
39.6
40.8
39 9
38.6
41.3
40 2
39 5
41.3
40 3
41 1
41.2
40.1
41.9
40 3
39.2
40 9
2 9
41.4
40 8
39 4
41.5
40 4
41 0
41.3
40.4
41.7
40.4
39.1
40 7
30
40.7
40 5
39 3
41.4
40 6
41.0
41.2
40.2
41.6
40.2
38.7
40 6
31
40.8
39 9
39 0
40.7
40 5
40.9
41.0
40.1
42.1
40.5
38.8
39 7
2 5
39.6
40 0
38 4
41.0
40.4
39.6
40.2
39.2
40.6
39.6
38.0
39 4
30
40.9
38.0
40 9
36.0
39 5
30
40 6
37 5
41 0
36 2
39 5
30
40 4
39 7
41 0
36 1
39
3
40
37
41
36
7
2
5
7
2
6
39 9
33
40.7
39.1
41 4
36.6
39.7
3.1
40.5
39.5
40.9
36.3
39.5
3.2
40.2
39.3
40.7
36.2
38.7
2.6
40.0
39.0
39.0
34.9
39 5
31
r 40 2
'38 4
40 7
35 9
39 3
2 9
40 2
'38.6
'40 3
36.0
39 2
30
40 2
34.8
40 4
35.4
42.1
37 1
41.1
41.0
40.1
38.0
42.2
36.9
41.3
41.6
40.1
38.4
42.3
37 0
41.4
41.8
40.0
38.9
42.4
37 3
41 4
42.0
40.0
38 4
42.9
37 6
41.7
41.8
40.6
38.7
42.7
37.8
41.6
42.5
40.9
38.6
42.7
37.5
41.7
42.4
40.9
38.4
42.5
37.4
41.5
42.4
41.0
38.6
41.8
37.1
41.5
42.2
39.4
37.5
' 42. 8
37 5
41.6
42.2
40.7
38.1
'42.6
'37.4
'41.3
'42.1
'40.4
'37.2
42.3
37.6
41.6
42.1
40.5
37.1
39 4
33 6
38.5
32 2
36 3
33 7
39.5
33.8
38.6
32 3
36.3
33 8
39.7
33.6
38.5
32.2
36.3
33.6
39 7
33.9
38.8
32.3
36.4
33 7
39 6
33.8
38.7
32 5
36.7
33 9
39.9
33.9
38.8
32.4
36.4
33.6
39.6
33.9
38.9
32.5
36.5
33.7
39.8
33.9
38.8
32.3
36.7
33.7
39.9
33.7
38.7
32.2
36.5
33.5
40.0
33.9
38.9
32.5
36.6
33.5
'39.6
33.8
'38.9
'32.3
36.8
33.7
'39.5
33.6
'38.7
'32.0
'36.5
'33.4
39.6
33.6
38.8
32.0
36.6
33.4
145. 04
116. 24
1.63
6.30
36.98
9.18
29.73
7.98
24.45
28.80
145. 35
116 46
1.63
6.39
37.05
9.15
29.80
7.93
24.52
28.89
146.81
117.61
1.63
6.52
37.70
9.17
29.94
7.96
24.69
29.20
147.26
11800
1 65
6.55
38 06
9.18
29.91
8.00
24.66
29.26
148.29
118.49
1.72
6.48
38.17
9.24
30.04
8.04
24.81
29.80
148.44
118 92
1.71
6.52
38.22
9.26
30.09
8.11
25.01
29.51
149.09
119.37
1.71
6.61
38.66
9.29
30.17
8.07
24.86
29.72
150. 30
120. 50
1.71
6.72
39.12
9.25
30.53
8.10
25.07
29.80
149.78
120.62
1.71
6.65
39.07
9.35
30.53
8.14
25.16
29.17
149. 87
120. 32
1.71
6.28
39.21
9.33
30.54
8.12
25.12
29.55
107.4
91.2
119.5
99.0
88.8
87.5
90.8
118.6
101.7
114.3
111.6
115.3
123.5
130.8
106.0
88.9
118.4
94.9
86.8
85.2
89.1
117.8
100.6
113.7
110.3
115.0
123.2
129.9
106.2
89.3
118.8
96.2
87.1
84.9
90.2
118.0
100.3
114.0
110.8
115.2
122.3
130.4
107.4
91.2
118.6
98.3
89.0
86.7
92.4
118.7
100.5
114.6
111.0
115.9
122.9
131.4
107.9
92.4
119.9
98.6
90.3
87.7
94.1
118.7
101.1
114.6
111.3
115.8
123.5
131.1
108.4
92.7
125.0
97.3
90.8
87.8
95.1
119.3
101.2
115.1
112.0
116. 2
123.7
132.0
108.8
92.9
124.7
97.7
90.9
88.1
95.0
119.8
101.5
115.2
111.5
116.6
125.1
133.1
109.3
94.3
125.7
98.8
92.5
90.0
96.2
119.7
101.7
115.5
112.3
116.6
124.5
132.3
110.3
95.5
125.2
100.3
93.7
91.3
97.1
120.6
101.5
116.8
113.4
118.1
125.1
133.3
110.5
95.2
124.4
98.8
93.6
91.3
96.9
121.0
102.7
116.8
113.6
118.0
125.8
133.9
110.2
94.8
124.8
93.4
94.0
92.0
96.9
120.9
102.5
116.8
113.2
118.1
125.5
133.7
4.54
5.90
7.25
4.81
4.66
5.14
4.98
5.23
4.28
3.75
4.89
6.17
5.04
5.36
4.58
6.02
4.56
3.79
4.51
5.87
7.18
4.78
4.63
5.10
4.95
5.17
4.25
3.72
4.87
6.07
5.03
5.32
4.58
5.96
4.54
3.78
4.53
5.88
7.24
4.81
4.65
5.13
4.98
5.22
4.31
3.74
4.93
6.11
5.04
5.33
4.61
6.00
4.56
3.79
4.56
5.92
7.27
4.82
4.65
5.16
5.00
5.28
4.39
3.78
4.96
6.29
5.10
5.39
4.60
6.01
4.57
3.79
4.64
6.02
7.42
4.89
4.70
5.24
5.06
5.39
4.43
3.79
5.01
6.39
5.17
5.47
4.66
6.14
4.60
3. 82
4.66
6.02
7.42
4.90
4.72
5.26
5. 08
5.41
4.42
3.81
5.02
6.35
5.19
5.51
4.66
6.24
4.60
3.83
4.68
6.11
7.45
4.93
4.76
5.29
5.11
5.44
4.41
3.82
5.06
6.43
5.22
5.54
4.70
6.25
4.64
3.87
4.68
6.17
7.51
5.00
4.82
5.38
5.19
5.54
4.43
3.85
5.06
6.48
5.29
5.62
4.78
6.39
4.74
3.94
4.72
6.27
7.50
5.02
4.85
5.38
5.20
5.49
4.46
3.86
5.05
6.51
5.29
5.61
4.77
6.35
4.75
3.97
4.74
6.29
7.47
5.04
4.86
5.40
5.21
5.54
4.48
3.87
5.07
6.56
5.30
5.63
4.78
6.38
4.77
3.95
4.75
6.29
7.54
5.07
4.88
5.43
5.24
5.56
4.50
3.90
5.11
6.63
5.32
5.66
4.80
6.44
4.78
3.96
36.0
36.4
42 1
36 2
39.2
39 4
26
36.2
36.6
41 8
36 7
39.7
39 7
2g
36.1
36.3
49 i
36 7
40.2
39 8
2 8
36.2
36.2
42 7
36 6
39.9
39 8
28
36.3
36.2
26
36.0
36. 3
42 2
35 7
39.5
39 3
2 4
40.7
34
41.7
39 7
39 0
41.4
41.7
40.8
42.3
39.8
40.1
40.2
38.5
39 9
2 5
41.3
39 1
37 9
40.6
40 0
40 0
40.9
39.5
40.3
39.5
38.3
39 6
2 3
41.6
39 0
37 6
40.3
39 6
39 5
40.4
39.3
40.0
39 4
38.3
39 8
40.1
39 1
37 8
40.6
39 7
39 5
40.5
39.5
40.7
39 7
38.1
40 2
27
41.2
39 5
38 3
40.7
39 9
40 0
40.8
39.6
41.2
39 5
38.2
40 2
2 7
41.7
39 6
38 9
40.8
39 9
40 2
40.7
39.6
40.9
39.7
38.7
do
do
do
do _.
do
do
39.1
3.0
40.4
38.0
39.4
35.1
38.8
2.7
40.3
38.0
39.2
35.1
38
2
39
39
39
35
38
2
40
35
39
35
8
8
1
4
6
2
39 3
29
40 7
37.6
40 4
35 5
do
do
do _
do
do
do
42.1
37.6
41.6
42.5
40.4
37.2
41.6
37.0
40.9
41.6
39.7
37.4
41.5
36 7
40 7
41.2
39.6
37 5
41.6
40 9
41.3
40.0
37 8
do
do
do _
do
. do
do
40.2
34.1
38.9
32.7
36.7
33.9
39.6
33.8
38.6
32.4
36.5
33.8
39 5
33.8
38.4
32 4
36 5
33 9
Employee-hours, wage & salary workers in nonagric. establish., for 1 week in the month, seasonally adjusted at annual rate
bil. hours..
Total private sector
do
Mining
.
_.
_. . _ do
Contract construction
do_.
Manufacturing
do
Transportation, comm., elec., gas
do
Wholesale and retail trade
.. do
Finance, insurance, and real estate
do
Services .
do
Government .
..
do..
150. 72
122. 63
1.53
7.58
41.50
9.82
30.27
8.01
23.93
28.08
146. 75
117. 58
1.64
6.58
37.62
9.27
29.88
8.01
24.59
29.17
Indexes of employee-hours (aggregate weekly) :1f
Private nonagric. payrolls, total
1967 = 100..
Goods-producing
.
do
Mining
. ._ ._
. do
Contract construction
do
Manufacturing
..
.. do .
Durable goods
do
Nondurable goods
do
Service-producing
do
Transportation, comm., elec., gas
do
Wholesale and retail trade..
do
Wholesale trade
do
Retail trade . ..
_ do .
Finance, insurance, and real estate
do
Services
do
113.0
103.4
111.7
117.1
100.7
102.0
98.8
119.7
108.6
116.2
114.4
116.9
125.0
127.9
4.22
5.21
6.75
4.41
4.24
4.69
4.50
4.71
3.91
3.50
4.52
5.60
4.59
4.92
4.17
5.48
4.20
3.50
Durable goods.
Overtime hours
Ordnance and accessories
Lumber and wood products
Furniture and
fixtures
Stone, clay, and glass products
Primary metal industries _ _
Fabricated metal products
Machinery, except electrical
Electrical equipment and supplies
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
Nondurable goods
Overtime hours
_.
Food and kindred products..
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products __
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
Trans., comm. elec. gas, etc
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate..
Services
do
do
do
do
do
do
do
do
..do
do
..do
do
do
36*6
42 4
36.9
40.0
36." I"
42 3
36 6
39.4
3.2
7
g
9
8
2
2
9 ^
4.9 Q
36 8
40.1
39 9
2
7
41.7
39 4
OQ i
O Q
r 3 3
r 40 1
r 38 9
r 37 1
40.4
40 2
31
r 38 5
AGGREGATE EMPLOYEE-HOURS
Seasonally Adjusted
149.14 '150.95 '150.08
120.84 '121 41 '120.63
1.71
1.71 ' 1.71
6.63 '6.55 '6.47
38.80 ' 39 52 ' 39. 32
9.38 '9.26 '9.22
30.90 ' 30. 75 ' 30. 52
8.17
8.19 '8.16
25.26 ' 25. 43 ' 25. 23
28.30
29.54 ' 29. 45
150. 80
120. 79
1.74
6.40
39.23
9.26
30.66
8.19
25.31
30.01
110.7 '111.2 ' 110. 5
94.5 '96.0
95.4
124.9 ' 124. 4 ' 125. 0
98.8 '97.8 '96.7
92.7 '94.7 '94.2
91.0 '93.6 '93.4
95.3 '96.2 ' 95. 4
121.9
121.7
120.9
102.9
101.4
101.0
118.2
116.8
117.7
114.3
114.5
113.7
119. 7
117.9
118.9
126.1
126.2
126.0
134.3 ' 135. 3 134.2
110.5
95.0
127.5
95.9
93.8
92.7
95.3
121.3
101.4
117.3
114.2
118.5
126.5
134.3
HOURLY AND WEEKLY EARNINGS
Average hourly earnings per worker:1[
Not seasonally adjusted:
Private nonagric. payrolls
dollars-Mining
do
Contract construction
do
Manufacturing.
...
. . do
Excluding overtime
do
D urable goods
.
do
Excluding overtime
do .
Ordnance and accessories.. _
__.do
Lumber and wood products
.do
Furniture and fixtures.
... do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products . ... do .
Machinery, except electrical
do
Electrical equipment and supplies. do
Transportation equipment .
. do .
Instruments and related products. .do
Miscellaneous manufacturing ind. ..do
• Revised.
v Preliminary.
^Production and nonsupervisory workers.
4.77
6.33
7.50
5.07
4.92
5.41
5.26
5.59
4.52
3.91
5.20
6.77
5.27
5.62
4.76
6.31
4.77
3.95
4.82
'6.35
'7.61
5.12
4.93
5.49
5.28
'5.64
'4.61
3.93
5.26
'6.73
'5.40
5.69
'4.82
6.48
'4.81
3.99
'4.84
'6.32
7.61
5.15
'4.96
'5.52
'5.31
'5.63
'4.75
3.95
5.29
'6.77
5.43
5.71
'4.83
'6.52
'4.82
3.99
4.85
6.36
7.67
5.17
4.98
5.52
5.32
5.67
4.71
3.95
5.34
6.77
5.40
5.74
4.88
6.47
4.87
3.99
SUEVEY OF CTJEEENT BUSINESS
S-16
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
1975
August 1976
1975
Annual
June
July
Aug.
Sept.
1976
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June v
July v
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS— Con.
Avg. hourly earnings per worker, private nonagric.
payrolls. Not seas, adj. t —Continued
Manufacturing— Continued
Nondurable goods
- _ dollars
Excluding overtime
do
Food and kindred products
do
Tobacco manufactures -_do_.
Textile mill products
do
Apparel and other textile prod _ d o _ _
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee. do
Leather and leather products
..do
Transportation, comm., elec., gas
do
Wholesale and retail trade
do
Wholesale trade .
do
Retail trade
do
Finance, insurance, and real estate.. ..do
Services
do
Seasonally adjusted:
Private nonagricultural payrolls
.
do
Mining
do
Contract construction
_
_ _do
Manufacturing
do
Transportation, comm., elec., gas
do
Wholesale and retail trade
do
Finance insurance and real estate
do _
Services
__do
Indexes of avg. hourly earnings, seas, adj.: ® H
Private nonfarm economy:
Current dollars
1967=100
1967 dollars A
do _ Mining
._
.. _ ..
do
Contract construction
do
Manufacturing
..
do
Transportation, comm., elec., gas
do
Wholesale and retail trade
.do
Finance, insurance, and real estate
do
Services
- . do. ..
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (E NR): <?
Common labor
$ per hr
Skilled labor
do
Farm (U.S.) wage rates, hired workers, by
method of pay:
All workers, including piece-rate
.$ per hr..
All workers, other than piece-rate
..do
Workers receiving cash wages only
do
Workers paid per hour, cash wages only.. do —
Railroad wages (average, class I)§
do
Avg. weekly earnings per worker, Uprivate nonfarm:
Current dollars, seasonally adjusted
1967 dollars, seasonally adjusted A
Spendable earnings (worker with 3 dependents) :
Current dollars, seasonally adjusted
1967 dollars, seasonally adjusted A ..
Current dollars, not seasonally adjusted:
Private nonfarm, total
dollars. .
Mining
do
Contract construction
do
Manufacturing
do
Durable goods
.
do
Nondurable goods
do
Transportation, comm., elec., gas
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
.
do
Finance, insurance, and real estate
do
Services
do
HELP-WANTED ADVERTISING
Seasonally adjusted index
1967=100
LABOR TURNOVER
Manufacturing establishments:
Unadjusted for seasonal variation:
Accession rate, total
mo. rate per 100 employees..
New hires
__.
do
Separation rate, total
do
Quit
do. _
Layoff
do
Seasonally adjusted:
Accession rate, total
do__.
New hires
_
do
Separation rate, total
do
Quit..
do
Layoff
do
WORK STOPPAGES!
Industrial disputes:
Number of stoppages:
Beginning in month or year
number-
3.99
3.84
4.16
4.10
3.19
2.99
4.51
4.97
4.85
5.61
4.03
3.01
5.43
3.47
4.49
3.09
3.82
3.76
4.35
4.20
4.57
4.51
3.40
3.19
4.99
5.36
5.37
6.42
4.35
3.23
5.92
3.75
4.89
3.34
4.13
4.06
4.32
4.18
4.54
4.89
3.34
3.16
4.95
5.35
5.35
6.38
4.33
3.21
5.83
3.73
4.87
3.33
4.16
4.02
4.36
4.21
4.55
4.62
3.34
3.16
5.05
5.41
5.42
6.51
4.42
3.22
5.90
3.73
4.88
3.33
4.13
4.03
4.36
4.20
4.58
4.32
3.38
3.16
5.10
5.45
5.44
6.55
4.39
3.21
6.05
3.76
4.93
3.35
4.15
4.03
4.41
4.23
4.62
4.29
3.48
3.22
5.11
5.49
5.48
6.61
4.41
3.26
6.11
3.80
4.94
3.39
4.16
4.13
4.42
4.25
4.65
4.27
3.53
3.24
5.15
5.49
5.50
6.61
4.42
3.25
6.14
3.82
4.98
3.41
4.17
4.16
4.45
4.28
4.70
4.40
3.53
3.25
5.21
5.47
5.56
6.66
4.44
3.28
6.19
3.83
5.02
3.41
4.24
4.22
4.48
4.31
4.75
4.54
3.55
3.27
5.23
5.50
5.61
6.67
4.51
3.31
6.18
3.81
5.03
3.40
4.23
4.23
4.53
4.37
4.81
4.84
3.57
3.33
5.25
5.53
5.66
6.96
4.50
3.37
6.23
3.89
5.05
3.47
4.26
4.26
4.54
4.38
4.83
4.88
3.56
3.33
5.25
5.58
5.69
7.03
4.52
3.39
6.29
3.90
5.07
3.48
4.33
4.29
4.56
4.39
4.84
5.01
3.57
3.37
5.25
5.60
5.70
7.08
4.55
3.40
6.29
3.91
5.06
3.48
4.31
4.28
4.59
4.44
4.88
5.12
3.52
3.37
5.26
5.60
5.77
7.12
4.50
3.41
6.35
3.92
5.10
3.50
4.34
4.30
4.59
4.42
4.90
'5.13
3.57
3.38
'5.31
••5.66
'5.79
7.11
'4.36
3.42
'6.39
3.95
'5.15
3.52
'4.36
'4.34
4.62
4.45
4.93
'5.23
'3.59
'3.40
'5.38
5.65
'5.83
'7.12
'4.37
'3.43
'6.44
3.95
'5.14
3.53
'4.34
'4.32
4.68
4.51
4.96
5.07
3.69
3.36
5.48
5.67
5.91
7.15
4.40
3.41
6.44
3.99
5.16
3.58
4.40
4.31
4.22
5.21
6.75
4.41
5.43
3.47
3.82
3.76
4.54
5.90
7.25
4.81
5.92
3.75
4.13
4.06
4.51
5.89
7.27
4.78
5.87
3.73
4.18
4.04
4.54
5.92
7.33
4.82
5.90
3.74
4.14
4.06
4.57
5.97
7.30
4.86
6.05
3.78
4.18
4.08
4.60
6.01
7.32
4.88
6.04
3.79
4.16
4.10
4.63
6.08
7.32
4.90
6.12
3.82
4.18
4.15
4.68
6.10
7.41
4.93
6.17
3.84
4.26
4.22
4.68
6.11
7.46
4.96
6.17
3.84
4.22
4.22
4.73
6.19
7.46
5.00
6.22
3.87
4.24
4.25
4.75
6.26
7.46
5.04
6.29
3.88
4.30
4.27
4.77
6.30
7.59
5.08
6.33
3.90
4.30
4.27
4.78
6.30
7.56
5.06
6.37
3.91
4.33
4.30
4.83
'6.36
'7.65
5.13
'6.44
3.94
'4.36
'4.34
'4.84
'6.35
7.70
5.16
'6.49
3.95
'4.36
'4.34
4.86
6.40
7.76
5.19
6.44
4.01
4.41
4.34
158.6
107.4
163.1
163.7
156.0
167.3
155.0
148.6
163.3
172.7
107.1
183.2
175.4
171.5
182.5
168.1
161.5
176.0
172.2
107.2
182.8
175.9
171.0
181.1
167.5
163.1
175.5
173.1
106.7
184.0
177.4
172.2
182.0
168.3
161.5
175.8
174.6
107.3
186.2
176.7
173.3
186.2
170.5
163.0
177.1
175.2
107.2
187.2
177.3
174.5
186.3
170.5
162.6
177.8
176.7
107.4
188.9
177.6
176.0
188.8
171.9
163.8
179.4
178.2
107.6
189.4
179.2
176.9
190.7
172.9
167.1
182.2
178.6
107.3
190.2
180.3
177.6
190.5
172. 4
165.1
182.6
179.6
107.5
192.2
180.0
178.8
192.2
174.0
165.9
184.6
180.8
108.1
193.6
180.1
179.8
194.1
174.4
168.3
185.4
181.4
108.2
194.8
183.4
180.7
194.8
174.9
168.3
185.2
182.2
108.3
195.9
183.2
181.8
195.5
175.7
169.0
186.5
183.7
108.5
' 197. 6
' 185. 1
182.4
' 198. 5
' 177. 3
' 170. 4
' 188. 2
'
'
'
'
'
'
184. 5
108. 5
197. 8
186. 3
183. 5
200. 0
177.3
' 170. 2
'188.7
185.6
108.6
198.4
187.6
184.7
199.2
179.8
172.2
188.6
7.55
10.18
8.30
11.01
8.23
10.93
8.44
11.08
8.57
11.26
8.58
11.29
8.59
11.35
8.60
11.37
8.62
11.42
8.62
11.42
8.63
11.43
8.63
11.44
8.63
11.52
8.77
11.69
'9.03
'11.91
9.06
12.05
2.25
2.21
2.43
2.32
5.707
2.43
2.38
2.60
2.45
154. 45
104. 57
163. 89
101. 67
162. 36
101. 10
163. 44
100. 76
165. 43
101. 62
166. 06
101. 57
167. 61
101. 89
169. 88
102. 65
170. 35
102. 37
172.65
103.32
172.90
103.35
172. 67
103. 03
172.56 ' 174.85 r 174.72
102.53 ' 103.28 ' 102.72
175. 93
102. 94
134. 37
90.97
145. 93
90.53
146. 91
91.48
147. 76
91.10
149.31
91.71
149. 81
91.63
151. 02
91.81
152. 76
92.30
153. 12
92.02
153.72
91.99
153.91
92.00
153. 73
91.72
153.65 ' 155.42 ' 155.32 156. 23
91.30 '91.80 ' 91. 31 91.42
154. 45
220. 90
249. 08
176. 40
190. 88
156. 01
218. 29
118. 33
174. 66
101. 04
140. 19
127. 46
163. 89
249. 57
265. 35
189. 51
205. 09
168. 78
234. 43
126. 75
188. 75
108. 22
150. 75
137. 23
163. 71
250. 65
262. 07
188. 81
203. 49
168. 05
231. 45
127. 19
187. 98
109. 22
151. 84
137. 08
164. 89
248. 72
270. 05
188. 55
202. 64
169. 60
235. 41
128. 69
188. 86
110. 89
150. 33
138. 23
166.90
248.64
274.81
191.35
205.88
172.22
241.40
130.10
190.79
111.89
151.06
138.23
168. 43
255.25
278.99
196. 58
212.22
175. 52
243. 79
128. 06
190.68
109.50
150.59
139. 18
168. 69
259. 46
278. 25
195.51
211.45
175. 03
244. 99
128. 73
193. 22
109. 46
151. 79
139. 78
169. 42
262. 73
270. 44
197. 69
213. 72
176. 67
245. 12
128. 69
194. 27
109. 46
155. 18
142. 21
170. 82
264.69
275.62
204. 00
222. 73
179.20
246.58
130.30
197.18
111.18
153. 97
142.13
169.92
266.48
270-00
200. 30
216.81
178. 48
244.84
129.93
195.44
110.69
155.49
142.71
170.64
268.58
272.66
201.10
218.16
178. 42
248.46
130.26
195.20
110.66
158.91
143. 72
170. 53
265.44
269.18
202. 80
219. 92
179.21
248.46
130.20
194. 81
110. 32
156.88
142.52
171.24
267.76
287.25
198. 74
214. 24
176.72
251.46
131. 71
196.86
112. 35
158.84
143. 19
' 174.00
'269.88
' 283.09
205. 82
224. 54
180. 85
' 252.41
132. 33
' 199.82
' 112.29
' 160.01
' 144.96
' 176.18
' 269.86
' 288.42
208.06
' 226.32
182. 49
' 255.67
133. 91
' 199.95
' 114.37
' 158.41
' 145.15
177. 51
270. 94
289. 16
206.28
222. 46
183. 92
258. 24
137. 66
201. 24
118. 50
161. 48
146. 54
110
80
81
84
83
83
83
87
88
87
93
94
91
94
96
98
4.2
3.2
4.8
2.3
1.5
3.7
2.0
4.2
1.4
2.1
4.5
2.5
3.6
1.3
1.5
4.5
2.6
4.4
1.5
2.0
5.1
3.1
4.6
2.4
1.3
4.6
3.0
4.3
2.0
1.4
3.7
2.4
4.0
1.6
1.6
2.8
1.7
3.5
1.2
1.7
2.2
1.3
3.4
.9
1.9
3.8
2.1
3.7
1.3
1.6
3.5
2.1
3.1
1.2
1.1
4.2
2.6
3.5
1.5
1.1
3.9
2.5
3.5
1.6
1.1
4.4
3.0
3.4
1.7
.9
4.8
3.6
3.5
1.8
.9
3.5
1.8
3.9
1.3
2.1
4.2
2.4
4.0
1.5
1.5
4.0
2.4
3.6
1.5
1.5
3.7
2.3
3.5
1.3
1.7
3.6
2.2
3.7
1.5
1.7
3.7
2.3
4.0
1.6
1.6
3.8
2.4
3.9
1.5
1.3
4.2
2.4
3.5
1.5
1.2
4.2
2.7
3.5
1.6
1.1
4.4
2.9
3.9
1.7
1.2
4.1
2.7
3.7
1.7
1.3
3.9
2.7
3.8
1.7
1.3
3.8
2.7
3.8
1.8
1.3
533
876
518
899
420
836
495
907
426
823
300
656
239
566
278
428
288
474
339
531
446
650
653
912
712
1,072
6,074
2.29
2.25
2.39
2.31
6.077
5,031
Workers involved in stoppages:
172
231
Beginning in month or year .
___ thous..
174
2,778
1,746
382
In effect during month
do
325
298
3,377
4,465
Days idle during month or year
_ do
47,991 'SI, 237 3,362
r
Revised.
v Preliminary.
f Production and nonsupervisory worker s.
0 rrhe
indexes exclude effects of changes in the proportion of workers in higti-wage aiid low-w age
industries, and the manufacturing index also excludes effects of flue ;uations in overt Line
premiums.
§ For line-haul roads only.
A Earnings in 1967 dolla rs reflecl, change 3 in
2.66
2.63
2.81
2.64
2.75
2.69
2.97
2.76
2.63
2.56
2.82
2.65
276
222
493
143
74
54
86
63
457
402
550
180
114
153
100
143
5,463
4,633
3,222
1,398
1,854
726
1,120
1,737
purch asing po wer sine ?, 1967 b:P dividirLg by Ccmsumer Price Iridex. Eff ective F eb. 1976
SURVJCY, data i evised (I>ack to IE 67) in ac(,ordance with the new sea sonal adjiastment ]nethods
f o r t h 3 CPI.
tfWag es as of Aaig. 1, 1976: Connnon, $9.C 8; skillecI, $12.08.
t R evisions 1 or 1975 appear in the July 1976 SuiIVEY.
217
372
3,684
143
246
2,327
SUKVEY OF CUEEENT BUSINESS
August 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
S-17
1975
June
July
Aug.
Sept.
1976
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
3 564
3 458
2 724
2,643
4.2
4.3
4.0
4.5
July
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
UNEMPLOYMENT INSURANCE
Unemployment insurance programs:
Insured unemployment, all programs, average
weekly §9
thous
4,917
2,568
State programs (excl. extended duration prov.):
Initial claims.
_
thous
18, 880 " 24, 764
Insured unemployment, avg. weekly do
2,260 P 3, 967
Percent of covered employment: A
Unadjusted
3.5
6.0
Seasonally adjusted ._
Beneficiaries, average weekly
thous
1,874 " 3, 356
Benefits paid §
mil. $._ 5,974.9 "12,052.6
Federal employees, insured unemployment,
average weekly
thous
Veterans' program (UCX):
Initial claims . _
do
Insured unemployment, avg weekly do
Beneficiaries, average weekly
do
Benefits paid
_
mil. $
Railroad program:
Applications _
thous
Insured unemployment, avg. weekly do
Benefits paid
mil $
4 892
4 979
1,832
3,878
2,202 P 1, 570 "1 520 "1 677
3 861 3 422 3 061 2 919
4 576
4 238
4 039
4 120
4 461
4 962
"2 420 "2324 "2 327
3 046 3 410 3 ggg
4 721
4 366
3 917
"1 577 "1 578 ' "1 429
3023
3 722
3 408
4 g
58
58
51
4 6
4 4
46
51
52
56
59
4g
6.5
63
4 2
6 1
42
61
54
43
58
45
3,437 3,208 p 2, 952 p 2, 489 "2 306 " 2,349 "2 685 "3 207 "3 203 "3 008 " 2, 718
984.0 1,086.9 P 879. 6 "763.8 " 750. 4 " 671.8 "886.8 "1,018.7 "946.6 "1,024.1 ' "869.3
40
"44
40
377
71
65
249.2
"412
p 100
p 101
p 386. 2
34
91
95
29.0
41
98
94
32.3
"36
101
"103
"32 7
"41
105
P 99
"33 0
69
10
22.2
153
27
89.5
18
18
39
28
23
39
13
24
49
15
35
16 1
43
43
44
44
48
"39
"30
107
109
" 101 p 106
"35 7 "32 7
48
53
"38
"34
113
117
" 113 "120
"40 2 "40 9
10
31
12 8
10
32
10 3
9
37
14 0
13
45
17 4
52
51
47
43
45
"30
111
"116
"35 9
"32
104
"109
"38.8
"28
93
" 99
" 34.0
87
86
6
39
15 7
4
34
17 3
5
29
11 8
3
23
9.4
18
21
9.4
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers 'acceptances
mil $
Commercial and financial co paper total
do
Financial companies. .
do
Dealer placed
do
Directly placed. .
.
do
Nonfinancial companies
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period..
.
mil $
Farm mortgage loans:
Federal land banks
do
Loans to cooperatives __
do
Other loans and discounts
do
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (233 S MSA's) O
bil $
New York SMSA
do
Total 232 SMSA's (except N.Y.)
do
6 other leading SMSA's 1
- do
226 other SMSA's
do
Federal Reserve banks, condition, end of period:
Assets, total 9
_
mil. $
Reserve bank credit outstanding, total 9 _.do
Time loans
_ do
U.S. Government securities
do
Gold certificate account ...
do
Liabilities, total 9
Deposits, total
Member-bank reserve balances _
Federal Reserve notes in circulation
do
do
do ..
do
18, 484
18, 727
49,144 '47,690
36, 450 '37,515
4,611
6,239
31, 839 ' 31, 276
12, 694
10, 175
17, 740
48,765
36,719
5,604
31,115
12, 045
16, 930
49,352
37,281
6,018
31,263
12, 075
16, 456
49,810
37,817
5,645
32,172
11, 993
16, 790
48,257
36,070
5,574
30,496
12, 187
17, 304
50,394
38,668
6,360
32,308
11, 726
17, 875
49,512
38,392
6,389
32,003
11,120
18, 727
47,690
37,515
6,239
31,276
10, 175
18,677 19, 060
48,858 49, 927
37,377 37, 935
6,401
6,072
31,305 31, 534
11, 481 11,992
18, 901
49, 300
37, 667
6,428
31, 239
11,633
19, 558
49, 572
37, 389
6,246
31, 143
12, 183
27, 384
31, 741
29, 959
30, 421
30,837
31, 072
31,354
31,265
31, 741
32, 265
32,751
33,400
33, 980
34,377
34, 881
13, 864
3,575
9,925
16, 564 15, 437
3,979
3,371
11, 198 ' 11,151
15, 654
3, 520
11, 247
15, 851
3,738
11, 248
16, 044
3,847
11,181
16, 247
4,087
10, 200
16, 380
4,041
10,845
16, 564
3,979
11, 198
16, 746
4,356
11, 162
16, 930
4,546
11, 274
17, 264
4,656
11, 480
17, 514
4,590
11, 876
17, 731
4,470
12, 175
17, 979
4,413
12,489
22,503.5 22,827.9
11, 612. 2 10, 709. 5
11,891.3 12,118.3
4,756.7 4,841.1
7,134.6 7,277.2
113,611
123, 997
89, 013
299
80, 501
11, 652
99, 149
211
87, 934
11,599
113,611
123, 997
30, 649
25, 843
72, 259
34, 780
26, 052
78, 770
115,687 112, 587 113,672 120,344 119,844 118,432
92, 929
561
84, 749
11, 620
Loans (adjusted), totald 1
Commercial and industrial
For purchasing or carrying securities
To nonbankfinancialinstitutions .
Real estate loans
_
Other loans
..
do
do
do
do
do
do
Investments, total
U.S. Government securities, total
Notes and bonds..
Other securities.
do
do
do
do
89, 562
177
81, 883
11, 620
90,516
231
82, 546
11,598
32, 823
25, 976
73, 626
96, 097
73
87, 184
11,599
95, 051
45
85, 137
11, 599
123, 997 123,983 122,130 124,018
99, 149
211
87, 934
11,599
99,504
66
89, 971
11, 599
98,419
52
88, 990
11, 599
99,361
54
89, 753
11, 599
126,528 124,372 ' 132,189 "124,939
101,643 100,124 ' 106,446 100, 281
46
397
'314
31
91,814 90, 612 94, 446 90, 673
11,599 11, 598 11, 598 11, 598
126,528 124,372 ' 132,189 "124,939
29, 951
26,484
74,653
34,928
25,913
74, 599
35, 550
26, 140
74, 891
32, 125
25, 971
76, 683
34, 780
26, 052
78, 770
38,326
27,306
76, 516
36,172
24,585
76, 648
36, 395
28, 150
77, 686
38,013
27,140
78, 631
34,968 ' 40,628 34,300
26,457 ' 27,460 24, 313
79, 539 80,536 81,034
34, 655 34, 482
34, 687 34,265
-32
217
261
211
276
44
34,646
34,447
199
396
-136
34, 567
34, 411
156
191
30
34, 571
34, 281
290
61
257
34, 989
34, 727
262
127
148
35,575
35,366
209
79
139
33,953 33, 967
33,939 33,531
14
436
76
58
-51
386
34,063
33,974
89
44
56
34,228 ' 33,774 "34, 174
33,856 ' 33,657 "34,081
"93
382
'117
121
"123
'120
272 ' -17 P -5
29, 470
25, 740
74, 207
103,863 102,593 104,071 104, 146 104,320 112,124 103,742 101,775
158, 966 165,445 167, 744 159, 299 167,015 184,174 159,545 157,115
115, 875 120,411 119, 800 116, 182 121,317 132,245 116,670 115,133
5,947 6,198 6,496 5,808 5,860
6,061
6,220
6,967
859
1,995
1,243
1,070
1,247 2,425
1,898
1,386
23, 360 24,635 25,790 22, 104 24,163 29, 322 22,262 21,251
106, 097 104,694 105, 183 '107,870 104,791
171, 058 162,903 170, 817
122,716 118,226 124, 301
6,178 5,983 '6,004
1,170
1,049 2,514
26,514 22,039 24, 883
'176,691 161, 553
'125,895 117,821
' 6, 737 5,652
'2,540 1,879
'27,042 22,563
228,045
227, 729
223,211 222, 475 222,765 225, 264 224, 960 225,877 227,729 225,352 223, 215
225, 981 221,601 222, 692 '225,701 223, 253
58, 485
122,201
68, 445
115, 961
65, 483 65, 392 65,246 65, 590 65, 928 67,550 68, 445 72,459 75, 269
112,922 113,218 114,625 116, 184 115, 442 116,064 115,961 111,153 107,629
78,319 79,350 '79,921 '79,644 80, 201
108,297 104,196 '105,279 '109,019 106, 422
304,318
131,875
7,713
33, 076
60, 442
90, 388
285, 499 284,614 280, 762 279,313 281, 768 277, 957 282,104 285,499 275,908 275,242 277, 356
120, 661 122,326 120, 611 118,946 119, 751 118, 190 119,311 120,661 117,000 116,201 114,556
8,933
6,200
7,326 6,842 6,530 7,040 6,605 8.206
8,933
7,389
8,468
27, 180 29, 978 29, 157 29,164 29, 022 27, 312 27,310 27, 180 25,995 26,029 26,493
59, 530 '59,200 59, 059 58,967 59, 282 59, 502 59,482 59, 530 59,749 59,722 60,541
87, 404 83, 864 80, 820 82,680 84, 254 82, 267 84,525 87,404 84,474 82,923 84,876
86, 825 100, 345 92,200 92, 547 94,303
40, 178 32, 021 32, 160 34,288
23, 931
19,412
26, 464 24, 935 24, 764 25,239
62. 894
60. 167 60. 179 60. 387 60.015
r
Revised. < p Preliminary.
1 Average for Dec.
§ Insured unemployment (all programs) data include claims filed under extended duration provisions of regular State laws;
amounts paid under these programs are excluded from State benefits paid data.
AInsured
unemployment as % of average covered employment in a 12-month period.
9 Includes
data not shown separately.
d*For demand deposits, the term "adjusted" denotes demand
deposits other than domestic commercial bank and U.S. Government, less cash items in
217-440 O - 76 - S-3
95,208
283
86, 998
11, 599
23,565.1 23,845.0 '25,528.4 '26,474.4 '25,792.8 '25,490.9 26, 636. 6
10,970.9 11,517.7 12,212.0 12,629.6 12, 482. 8 12, 179. 0 12, 844. 3
12,594.2 12,327.3 '13,316.4 '13,844.8 '13,310.0 '13,311.9 13, 792. 4
4,932.5 4,789.0 "5,324.6 '5,560.9 '5,302.4 '5,327.1 5, 566. 9
7,661.8 7,538.3 7, 991. 8 8,283.9 '8,007.7 '7,984.7 8, 225. 5
115,687 112, 587 113,672 120,344 119,844 118,432 123,997 123,983 122,130 124,018
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total..
mil $ 1 36, 941 1i 34, 989 34, 976
Required
do
34, 727 34, 428
' 36, 602
Excess
_
do
1262
'339
548
Borrowings from Federal Reserve banks., do
i1 127
*703
271
1
Free reserves
do
148
-333
278
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo/
Deposits:
Demand, adjusted^'mil. $
109,981 112, 124 107,114
Demand, total 9 __
do
185,215 184, 174 169,097
Individuals, partnerships, and corp
do
129,449 « 132,245 121,565
State and local governments
_ do
7,039
6,967
6,413
U.S. Government
_
do
1,471
1,386
1,330
Domestic commercial banks
. do
31, 807
29, 322 24, 694
Time, total 9
do
Individuals, partnerships, and corp.:
Savings
do
Other time...
,
do
23,269.4 23,181.9 24,137.1 24,067.7
10,628.8 10,585.0 11,801.5 11,529.9
12,640.5 12,596.9 12,336.6 12,537.8
5, 125. 1 5,153.0 4,921.3 4,937.3
7,515.4 7,443.8 7,414.3 7,600.5
275, 499 280, 630
113,308 '112,615
8,679 10, 024
25,757 '26,142
60,717 61, 296
84,352 88, 083
'279,891
'112,786
' 9, 843
'25,974
'61,368
'88,603
276, 384
111,257
9,450
24, 979
61,767
84, 412
95, 624 95, 413 98,269 100,345 99,769 99,239 100,538 101,249 101, 721 '101,332 100,526
35, 316 35, 010 37,859 40, 178 40,456 40, 083 41.808 41,561 42,809 '42,110 41, 163
25, 243 25, 988 26,580 26, 464 27,422 27, 643 28,774 29,393 29,711 '29,296 29, 182
60. 308 60. 405 60.410 60. 167 59.313 59.156 5S.730 59. 688 58. 912 '59.222 59,363
process of collection; for loans, exclusive of loans to and Federal funds transactions with
domestic commercial banks and after deduction of valuation reserves (individual loan items
are shown gross; i.e., before deduction of valuation reserves).
OTotal SMSA's include
some cities and counties not designated as SMSA's.
If Includes Boston,c Philadelphia,
Chicago, Detroit, San Francisco-Oakland, and Los Angeles-Long Beach.
Corrected.
SUEVEY OF CUERENT BUSINESS
S-18
1974
Unless otherwise stated in footnotes below* data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1975
August 1976
1976
1975
June
Annual
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
723.3
497.3
81.0
145.0
726.7
497 8
84.4
144.5
Apr.
Mar.
May
June
July
738.8
500.7
94.0
144.0
743.1
504.7
92.7
145.7
FINANCE—Continued
BANKING— Continued
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas, adj.rf
Total loans and investments© _
_ bil. $
LoansO
do
U.S. Government securities
do
Other securities..
__ _ .
do._
' 690. 4
'500 2
'50.4
' 139. 8
721.1
496.9
79.4
144.8
Money and interest rates: §
Bank rates on short-term business loans:
In 35 centers
percent per annum
New York City
..
do
7 other northeast centers
do
i 11.28
i 11.12
* 11 83
8.65
8.37
8.91
8.22
8.00
8.43
8.29
7.99
8 53
7.54
7.14
7.93
7.44
6.99
7.79
11.27
11.01
11 07
11 15
8.54
9.01
8.75
8.86
8.12
8.41
8 28
8.45
8.15
8.70
8 37
8.67
7.50
7.86
7 56
7 77
7.44
7.66
7.51
7.75
8 north central centers
7 southeast centers .
8 southwest centers
4 west coast centers.
do
do
do
do
i
i
i
i
Discount rate (N.Y.F.R. Bank), end of year or
month
percent..
Federal intermediate credit bank loans
709.3
490 2
75.0
144. 1
712.7
491 5
76.7
144.5
716.3
495 0
76.0
145.3
722.2
498 5
76.8
146.9
721.1
496 9
79.4
144.8
734.5
500 5
90.0
144.0
731.2
499 7
88.2
143.3
737.6
500 6
93.0
144.0
i
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
5.00
5.50
5.50
5.50
5.50
5.50
8.82
18.14
7.92
7.71
7.62
7 59
7.62
7.62
7 62
7.67
7.58
7.54
7.59
7.44
7 33
18.72
18.84
18.75
19.01
8.73
8.86
8.86
8.89
8.63
8.95
8.70
8.93
8.75
8.97
8.74
9.09
8.74
9.09
8.71
9.07
8.67
9.03
8.67
8.92
8.67
8.85
8.75
8.84
'8.69
8.82
P8.78
P8.85
29.89
2 9. 84
28.60
2 10. 98
26.29
26.32
26.15
28.02
5.70
5.79
5.53
7.15
6.40
6.44
6.01
7.30
6.74
6.70
6.39
7.84
6.83
6.86
6.53
8.06
6.28
6.48
6.43
8.22
5.79
5.91
5.79
7.76
5.72
5.97
5.86
7.64
5.08
5.27
5.15
7.55
4.99
5.23
5.09
7.40
5.18
5.37
5.27
7.38
5.03
5.23
5.13
7.38
6.53
5.54
5.38
6.88
5.77
5.94
5.78
7.31
5.50
5.67
5.53
7.50
2 27. 886
7 81
25.838
2 7 55
5.193
7.26
6.164
7.72
6.463
8.12
6.383
8 22
6.081
7 80
5.468
7 51
5.504
7 50
4.961
7 18
4.852
7 18
5.047
7.25
4.878
6.99
5.185
7.35
5.443
7.40
5.278
7 24
15, 453
4,874
15, 229
4,709
17, 158
5,387
259
440
255
445
317
512
1,917
1,904
2,138
396
382
436
156, 640 ' 12, 805 ' 13, 332 r 12, 715 '12 893 ' 13 782'12 579 ' 13 925 '13 950 ' 12 997'15,014 ' 13, 851
3,866
3 952
3 774
3 725
3 654
4,470
45 472
3 899
3 551
3 848
4 065
3 820
354
317
314
312
340
311
o 793
'312
286
336
332
342
369
338
316
321
373
380
331
321
347
319
4 150
363
13, 459
3,797
14, 595
4,204
Home mortgage rates (conventional 1st mortgages): i
New home purchase (U.S. avg.)
percent-Existing home purchase (U.S. avg.)
-do
Yield on U.S. Government securities (taxable):
3-month hills (rate on new issue)
percent _
3-5 year Issues
_ .
do
705.8
489 9
72.3
143.6
7.75
1
do
Open market rates, New York City:
Bankers' acceptances (prime, 90 days) . _ do
Commercial paper (prime, 4-6 months). .do
Finance co. paper placed directly, 3-6 mo.do
Stock Exchange call loans, going rate
do
705.0
490 8
71.5
142.7
5.50
CONSUMER CREDIT*
(Short- and Intermediate-term)
Installment credit extended and liquidated:
Unadjusted:
Extended total 9
mil $
Automobile paper
do
Mobile home
do
Home improvement
do
Revolving:
Bank credit card
do
Bank check credit
do
Liquidated total 9
Automobile paper
Mobile home
Home improvement
Revolving:
Bank credit card
Bank check credit
Seasonally adjusted:
Extended total 9
Automobile paper
Mobile home
•
Home improvement
Revolving:
Bank credit card
Bank check credit
Liquidated, total 9
Automobile paper
Mobile home
Home improvement
Revolving:
Bank credit card
Bank check credit
'160 008 '163 483 '14 037 ' 15, 207 ' 14, 394 '14 141 r 14 51g '13 609 '16 945 '12 540 '12 576 ' 15, 339
4, 605
4,313
5,077
4,093
3,866
4,423
4,301
43 209
48 103
3 652
3 900
4 610
307
286
327
318
212
4,899
3,452
319
314
253
194
317
412
448
445
421
326
318
4 571
4 398
412
342
401
290
17 098
4 227
do
do
do
do
••151 056
42 883
4 099
3,767
do
do
15, 655
3 684
r
290
1,526
19 208
4 010
324
r
do
do
do
do_
do
do
..do
do
do
do
.
1,636
20 428
4 024
353
1,637
316
1,741
343
1,537
303
1 843
356
1 656
312
1 832
362
1 736
309
1 767
1 655
341
307
2 457
1,836
381
2,009
407
15, 132 ' 15, 045 '15,521 ' 15, 003
4,689
4,583
4, £23
4,505
15, 041
4,471
15, 592
4,600
2,134
419
313
421
272
410
1,839
396
1,921
361
2,012
392
2,118
380
1,985
394
2,103
422
2,088
' 13, 201 ' 13, 429 ' 13, 255 ' 13, 738 ' 14, 029 ' 13, 923 ' 14, 048 ' 13, 576
3,909
3,835
3, 966
3, 869
3,883
3,860
309
314
353
322
344
364
306
329
374
348
344
334
331
334
356
353
13, 566
14, 261
4 /Y7A
314
330
1,846
1,911
1,990
1,684
336
1,743
342
1,806
339
' 12, 738 r 12, 803
3,719
3,727
314
312
321
359
r 13, 211
327
1,844
389
356
231
385
1,678
302
319
1,795
1,800
247
413
270
373
330
S84
296
414
292
382
1,634
1,947
328
354
378
r
356
300
322
1,960
375
1,631
266
405
268
371
1,591
370
272
440
284
372
3,884
317
328
2 037
448
13, 187 r 14, 089 r 14, 048 '14 194 '14 609 ' 14 679 '15 228
4,109
4,143
3,865
4,441
4,642
4,330
4 354
1,555
do
. do.
1,741
r
1,670
320
289
384
345
408
1,781
352
1,842
341
1,696
324
1,762
336
1,832
386
1,815
372
1,881
374
1,926
364
359
286
378
315
421
Total installment credit outstanding, end of year or
month 9
mil $ r 155 384 r 162 237 r 152 640 r 154 520 »• 156 200 ' 157 448r 158 185 ' 159 216r 162 237 ' 160,824 ' 160,402 ' 160,729 ' 162,334 164, 101 166, 664
By credit type:
' 50 392 53 028 50, 128 50, 872 51,460 52, 862 52 407 52, 756 53, 028 52, 832 53, 044 53, 650 54, 572 55, 484 56, 667
Automobile
do
' 12, 496
12 155 12, 247 12, 233 12, 227 12,234 12, 210 12, 238 12, 155 12, 016 11,916 11, 848 11,790 11, 744 11,733
Mobile home
do
r 7 754.
Q t\(\A
8,367
8 026
7 973
8 089
8 209
8 023
7 976
7 884
7 965
7 679
7 787
8 002
8 004
Revolving:
9, 531
9,221
9,402
9,343
9,408
9,576
8,344
8,548
9,501
8,735
8,281
8,880
Bank credit card
do
8,800
9,501
8,240
2,805
2,777
2,769
2,775
2,803
2,802
2,671
2, 737
2,631
2,715
2,797
2,595
2,735
2,810
Bank check credit..
_
do
2,810
By holder:
75 846
r 36 208
22 116
17 933
3,' 281
T
Finance companies
Credit unions
Retailers
Others
do
do
do
do
78 yog T 74 925 r 75 760 r 76 521 '77 139 r 77 g83 r77 864 '78 703 '78 293 r75 957 '78 039 '78 982
r
••36 695 '34 947 r 35, 750 r 35, 955 ' 36, 003 ' 36, 097 36, 383 ' 36] 695 ' 36, 528 ' 36^ 458 ' 06, 450 ' 36, 745
25 354 23, 186 23, 507 24, 043 24,510 24, 706 24, 934 r 25, 354 25, 250 25, 492 26, 025 26, 403
r
236 '16 160 ' 16 451 18, 002 ' 17, 133 ' 16, 769 ' 16, 375 ' 16, 448
18 002 16 079 15 963 16 172 '16
3,509 r 3, 567 ' 3, 539 ' 3, 584 ' 3, 483 ' 3, 620 '3,726 ' 3, 840 ' 3, 756
r 3, 483
3,503
3,540
r
T
2
Revised.
v Preliminary.
1 Average for year.
Daily average,
O Adjusted to
exclude interbank loans.
§ For bond yields, see p. S-21.
t Beginning Jan. 1959, monthly
data have been revised to reflect new seasonal factors and adjustment to bench marks for the
latest call date (Dec. 31, 1975). Revisions are available from the Federal Reserve Board,
Washington, D.C. 20551.
9 Includes data for items not shown separately.
% Data have
79 785
37, 022
26, 975
16, 465
3,854
80, 850
37, 490
27, 842
16, 633
3,849
been revised back to 1970, noninstallment credit will no longer be available on a monthly
basis. "Personal loans" and "other consumer goods paper" have been combined to form an
"all other" category (not shown separately here). Earlier monthly data are available from
the Federal Reserve Board, Washington, D.C. 20551.
If Beginning Jan. 1973, data have
been revised; revisions for Jan. 1973-April 1975 will be shown later.
SURVEY OF CURRENT BUSINESS
August 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
S-19
1976
1975
1975
Annual
June
July
Aug.
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Apr.
Mar.
May
June
July
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE
Budget receipts and outlays:
Receipts (net)
Outlays (net)
Budget surplus or deficit (—-)
mil. $
do
do
Budget financing total
Borrowing from the public
Reduction in cash balances
do
do
.do
Gross amount of debt outstanding
Held by the public
do
do
Budget receipts by source and outlays by agency:
Receipts (net) total
mil $
Individual income taxes (net)
do
Social
(net)
Other
insurance
taxes
and
contributions
mil $
do
Outlays total 9
do
Agriculture Department
do
Defense Department, military
do
Health, Education, and Welfare Department
mil. $..
Treasury Department
do
Veterans Administration
do
Receipts and expenditures (national income and
product accounts basis), qtrly. totals seas. adj.
at annual ratesrf
Federal Government receipts, totalf
bil.$__
Personal tax and nontax receipts
do
Indirect business tax and nontax accruals. do
264,932
1 268,392
-3,460
280, 997
324, 601
-43,604
31,817
30,296
1,521
20, 197
31, 249
11, 052
13,460 i 43, 604 -1,521 -11,052
13,009 i 50, 853
567
7,800
1451 - 7, 249 -2,088 3,252
28, 615 19, 316 21, 745 25, 995 25,634 20, 845 20, 431
29, 044 32, 425 29, 401 31, 792 30, 725 29,833 29,054
-429 -13, 109 -7, 656 -5, 797 -5,091 -8, 987 -8,623
5,091
8,623
8,987
5, 797
429 13, 109
7,656
7,050
7,820
8,972
7,320
8,215
8,463 11, 743
5,936
7,189
1,303
15
1,720 -2, 418 -2, 729
-139 -8, 034
1,366
23,584
30,634
-7,050
33, 348 22, 679
32, 476 28, 410
872 -5,731
-872
1.39S
2,270
5,731
4,109
1,622
1 486,247
1 346,053
544, 131 544, 131 549, 157 558, 637 564, 582 572, 930 577, 726 587, 553 595,306 604, 778 611, 391 612, 843 621, 532
396, 906 396, 906 404, 707 411 895 420 358 432 102 438, 037 446, 253 454, 072 463,045 470, 365 471, 763 475, 872
264,932
118,952
i 38,620
280, 997
122, 386
140,621
31,817
13,123
9,578
20, 197
9,615
1,367
23, 584
10, 403
620
28, 615
13, 609
6,013
19, 316
10, 653
873
21, 745
10, 354
673
25, 995
11,200
6,530
25, 634
15,276
1,533
20,845
7,778
781
20, 431
5,272
5,863
33, 348
15, 242
6,119
22, 679
6,157
1,016
i 76, 780 186,441
130,582 i 31, 549
6,431
2,685
6,128
3,087
9,713
2,849
6,280
2,712
5,206
2,583
7,994
2,725
5,565
2,700
6,430
2,376
9,630
2,655
6,635
2,660
9,349
2,632
12,811
2,695
324, 601
i 9, 725
i 85, 420
30,296
1,161
7,216
31, 249
1,038
7,103
30, 634
958
7,553
29, 044
1,201
6,877
32, 425
1,119
7,911
29, 401
637
7,019
31, 792 30, 725
1,404 ' 1, 373
7,458 ' 7, 272
29,833
1,309
6,792
29, 054
535
7,442
32, 476
999
8,158
28, 410
980
6,951
193,375 112,411
i 35, 993 i 41, 177
i 3, 252 i 3, 267
113,337 i 16, 575
9,916
4,576
185
1,407
10, 150
4,289
368
1,364
10, 152
2,885
310
1,449
10,414
2,954
313
1,333
10,574
4,756
312
1,515
10, 502
3,200
325
1,623
10, 890 '10,781 ' 10, 759
3,427
3,309
4,249
326
291
260
1,699
1,690
1,627
11, 628
3,618
307
1,674
11,131
5,169
293
1,618
10,485
3,533
279
1,569
268,392
i 9, 767
177,625
288.2
286.5
131.2
45.6
21.7
89.8
125.7
42.6
23.9
94.3
297.7
306.7
316.5
P325.2
99.7
38.7
23.2
92.9
130.5
47 4
25.2
94.7
135.1
49.4
25.5
96.6
137.7
53.1
32.8
102.9
' 141. 9
P55.5
'23.3
r> 104.6
254.4
299.7
357.8
354.3
363.7
375.0
380.3
'378.7
Purchases of goods and services
National defense
do
do
111.6
77.3
124.4
84.3
122.4
83.4
124 6
84 6
130.4
87.1
129.2
86.2
' 131. 2
'86.9
Transfer payments
Grants-in-aid to State and local govts
do
do
117.6
43.9
20.9
148.9
54.4
23.5
149.7
53.2
22.6
152.1
56 8
23.6
154.9
58.0
25.6
160.3
58.8
26.6
' 158. 7
,' 56. 3
'27.4
5.2
6.5
6.4
6.7
7.1
5.4
'5.2
-.5
.0
.0
o
.0
.0
.0
-63.8
p-53.5
Federal Government expenditures, totalf._do
Subsidies less current surplus of government
'-69.4
do....
-11.5
-71.2
-99.9
bil $
do
do
do
do
263. 35
11.96
118. 57
86.23
79.91
289. 30
15.18
133. 90
89.17
82.41
278. 34
12.56
129. 84
88.04
81.46
279. 35
12.81
130. 30
88.16
81.57
280. 48
13.02
130. 66
88.33
81.71
281. 85
13.15
131. 52
88.45
81.80
284.83
13.79
133. 24
88.66
81.98
286. 98
14.13
134. 50
88.85
82.16
289.30
15.18
133.90
89.17
82.41
293. 87
15.38
138. 96
89.40
82.65
296. 48
16.14
140. 33
89.54
82.76
299. 55
17.25
141. 58
89.78
82.95
299. 98
17.57
141. 54
89.49
82.62
301. 75
17.66
142. 81
89.53
82.59
304.73
17.68
145. 46
86.91
82.69
8.33
22.86
2.00
13. 39
9.62
24.47
1.92
15.05
8.99
23.68
1.49
13.75
9.06
23.79
1.40
13.83
9.11
23.92
1.46
13.99
9.01
24.05
1.49
13.98
9.36
24.17
1.46
14.16
9.46
24.27
1.45
14.32
9.62
24.47
1.92
15.05
9.66
24.50
1.42
14.55
9.73
24.63
1.37
14.73
9.81
24.76
1.49
14.89
9.85
24.87
1.39
15.26
9.91
24.98
1.40
15.47
10.00
25.14
1.46
15.29
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):
Value, estimated total
mil $ 2 297,051 3 288,857
Ordinary (Incl. mass-marketed ord .)"... . d o . _ _ 181, 276 185, 779
2 109,095 3 96, 349
Group
do
6,680
Industrial.
do
6,729
23, 767
15, 707
7,476
584
22, 237 323,802
15, 396 14, 935
6,279 3 8, 264
562
603
23, 988
15, 573
7,907
508
24, 949
17, 242
7,121
586
23, 316
15, 461
7,273
582
35, 317
18, 788
16, 025
504
23, 258
14, 008
8,758
492
23,014
15, 560
6,908
546
27, 983
18, 220
9,161
602
25,335
17,725
7,066
544
23,202
17,030
5,606
566
28,870
18, 248
10,064
558
11,599
93
458,853
456, 638
11, 620
15
38, 627
18, 359
11,618
0
27, 117
18, 152
11, 599
0
54, 603
12,916
11,599
8
10, 883
44,954
11, 599
44
16,370
22, 266
11,599
6
12, 193
24,409
11, 599
0
22, 469
26, 895
11, 599
76
9,943
17, 769
11,599
3
28,046
19, 472
11, 599
6
5,789
19,344
15,598
3
8,421
23, 360
11,598
10
6,636
41, 915
11, 598
14
11,696
30,069
1,038.3
70.9
960.9
68.7
81.9
5.1
82.8
6.1
82.8
5.3
84.4
6.3
81.5
6.2
82.3
5.0
72.6
5.7
76.4
6.2
75.6
5.6
79.4
6.1
78.1
5.8
79.0
thous. $.. 81,651
do
501, 521
dol. per fine oz
4.708
132,626
320, 556
4.419
5,029
28,368
4.489
37,820
22, 148
4.704
9,465
25, 222
4.925
4,975
27, 980
4. 516
4,792
33, 014
4.329
5,161
18, 289
4.332
3,813
31,116
4.085
2,942
27,967
4.063
4,338
18, 638
4.086
11, 541
27, 619
4.189
5,026
17,699
4.356
4,616
15,804
4.488
3,345
29,800
4.812
3fi fl97
9 139
1 Q9fi
3 mn
3 103
3 839
3.482
fi 71fi
i n84.
2.864
1.874
2.415
1.679
2.723
Surplus or deficit(— )
-66.0
LIFE INSURANCE
Institute of Life Insurance:
Assets total all XT S life Insurance cos
Government securities
Corporate securities
Mortgage loans total
Nonfarni
Real estate
Policy loans and premium notes
Cash.
_ _ _ _ _ _
Other assets
do
do
do
do
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period). ..mil. $__ 11, 652
Net release from earmark§
do
230
Exports
thous. $_. 228,480
Imports
do
396,679
Production: If
South Africa
Canada
mil $
do
Silver:
Exports
Imports...
Price at New York
Production:
TTnit.od
fttftt.AS
t h n i i Q finn r\*
*9 fiftQ
' Revised.
» Preliminary.
i Data shown in 1974 and 1975 annual columns are for
fiscal years ending June 30 of the respective years; they include revisions not distributed
to months.
2 Includes $907 mil. Vets group life ins.
3 Includes $1,694 mil. Vets group life
ins.
9 Includes data for items not shown separately.
tData have been revised back to
4.774
1946 (see table 3.2 in the Jan. 1976 SURVEY for earlier data).
§ Or increase in earmarked gold
(-). IValued at $38 per fine ounce from Jan. 1972-Sept. 1973; at $42.22 thereafter.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
1975
| 1975
June
Annual
August 1976
July
Aug.
Sept.
1976
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FINANCE—Continued
MONETARY STATISTICS— Continued
Currency in circulation (end of period)
bll. $..
Money supply and related data (avg. of daily fig.) :(B
Unadjusted for seasonal variation:
Total money supply
bll. $
Currency outside banks _
._ ._ do
Demand deposits
do
Time deposits adjusted!- _
do
U.S. Government demand deposits^
do
Adjusted for seasonal variation:
Total money supply
Currency outside banks
Demand deposits
79.7
86.5
81.2
81.5
81.9
81.7
82.3
84.5
86.5
83.2
83.8
85.5
86.5
277.8
64.9
212.8
397.0
5.6
289.5
71.0
218.5
436.1
3.7
290.3
71.2
219.1
435.5
4.2
292.1
71.9
220.3
436.9
3.4
290.0
72.1
217.8
438.4
2.7
291.7
71.9
219.9
440.4
3.9
292.3
72.5
219.9
444.5
3.4
297.4
73.9
223.5
445.6
3.5
303.2
75.1
228.1
449.6
4.1
301.0
73.8
227.2
452.8
3.8
292.9
74.1
218.8
455.5
4.6
295.2
75.1
220.1
459.9
3.9
303.3
76.3
227.0
462.6
3.8
298.4 ' 302. 4 " 305. 1
77.2
78.8
77.8
221.2 ' 224. 6 226.3
464.6
468.4
471.8
3.7
3.4
4.7
291.0
71.0
220.0
435.5
291.9
71.3
220.6
437.6
293.2
71.9
221.3
436.2
293.6
72.0
221.6
438.3
293.4
72.6
220.8
443.3
295.6
73.4
222.1
448.3
294.8
73.7
221.0
452.4
295.1
74.2
220.8
454.4
296.5
75.1
221.5
457.3
298.0
75.7
222.3
458. 5
301.7
76.7
225.0
461.6
303.3 •• 303. 1
77.4
77.6
226.0 •• 225. 5
462.0 •• 467. 9
126.2
331.0
81.6
115.7
68.2
130.4
335.0
86.2
124.4
71.2
128.8
330.7
85.1
123.8
70.0
134.0
364.0
83.5
118.7
69.8
134.0
360.8
84.9
119.5
71.5
131.0
351.8
84.7
118.4
71.6
132.4
140.9
375.4
366.0
82.9
89.6
115.4 ' 128. 1
70.3
74.6
144.6
377.5
92.5
131.4
77.2
140.3
374.9
88.4
r
124. 6
74.2
139.3
380.2
58.2
126.9
73.3
145.1
400.8
91.0
132.0
75.2
'2,926
'3,097
do
do
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (233 SMSA's) ©..ratio of debits to deposits..
New York SMS A
do
Total 232 SMSA's (except N.Y.)
do
0 other leading SMSA'sc?
do
226 other SMSA's
do
120.1
290.9
81.9
123.6
65.8
128.3
335.0
82.9
119.1
68.8
124.4
328.6
80.0
114.2
66.7
58, 747
4,601
780
49, 135
5,154
409
12,442
1,315
38
13,204
1,561
185
14,227
1,358
255
14,797
1,263
253
2,287
7,175
1,801
6,703
429
1,747
451
1,731
547
1,731
563
1,952
Petroleum and coal products.
_
do
Stone, clay, and glass products
do
Primary nonferrous metal
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery , and transport equip)
mil $
14, 483
1,204
2,035
3,149
9,307
968
663
2,280
2,190
253
190
531
2,508
424
104
459
2,764
309
119
537
2,846
138
180
454
2,837
2,523
695
715
624
760
Machinery (except electrical)
do
Elec. machinery, equip., and supplies
do
Transportation equipment (except motor
vehicles, etc.)
mil $
Motor vehicles and equipment
do
All other manufacturing industries
do
5,648
2,940
6,311
2,564
1,632
648
1,543
588
1,727
780
1,795
768
1, 127
1,957
8,524
1,039
1,737
7,481
375
565
1,834
361
380
2,195
288
888
2,300
369
1,393
2,062
19,467
19,968
5,106
4,662
5,303
5,188
mil. $
2 40, 009
56, 075
5,765
. do
31, 496
41, 670
4,401
4,000
2,254
7,420
3,458
772
230
456
198
mil. $
do
do
do
37, 842
10, 026
980
12,831
52, 548
18, 694
1,631
15,888
5,380
2,303
132
1,479
do
do
do
1,014
3,934
6,850
2,646
4,463
6,789
22, 824
29,041
1 4, 836
i 3, 980
1856
'87.7
88.9
304.8 ,
78.2
226.6
472.3
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade Comm.):
Net profit after taxes, all industries
mil. $
Food and kindred products
do
Textile mill products
_
do
Lumber and wood products (except furniture)
mil. $
Paper and allied products
do
Chemicals and allied products
do
Dividends paid (cash) , all industries
do
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
..
By type of security:
Bonds and notes, Corporate
..
Common stock
Preferred stock.,
_ do
do
.
By type of issuer:
Corporate, total 9
Manufacturing _Extractive (mining)
Public utility
Transportation
Communication
._
Financial and real estate
_
_
Noncorporate, total 9 ___
U.S. Government..State and municipal
.
2,845
4,609
4,768
4,418
3,573
3,707
1,763
3,052
3,240
3,447
2,650
2,534
434
129
529
308
1,215
332
343
444
335
462
431
139
754
173
4,126
1,137
292
1,032
2,364
701
77
1,024
2,597
624
39
1,261
4,512
901
80
1,238
4,044
1,115
54
1,268
4,244
1,414
249
902
3,220
1,021
68
1,086
3,470
1,139
128
789
186
362
643
254
269
1,071
0
113
323
32
296
289
518
928
450
957
55
500
269
231
761
218
16
465
604
171
589
29,326
28, 973
3,001
2,699
3,434
1.691
2,690
1,377
2,112
2,427
2,276
2,623
2,338
2,066
2,154
1,828
2,389
936
2,638
1,488
3,234
2,437
2,204
2,533
3,517
2,342
6,500
5,540
960
5,984
5,140
844
6,266
5,446
820
6,197
5,365
832
6,251
5,399
852
6,455
5,448
1,007
6,527
5,519
1,008
6,500
5,540
960
6,568
5,568
1,000
7,152
6,115
1,037
7,617
6,575
1,042
7,932
6,856
1,076
8,110
7,103
1,007
4,542
3,590
2,364
1,818
do
do
do
State and municipal issues (Bond Buyer):
Long-term
do
Short-term
.
do
2,539
1,112
SECURITY MARKETS
Stock Market Customer Financing
Margin credit at brokers and banks, end of month,
total
mil $
At brokers
do
At banks.
.
do
Other security credit at banks
do
Free credit balances at brokers:
Margin accounts
do
Cash accounts
.
do
1411
475
520
555
515
i 1. 424
1.525
1.790
1.710
1.500
Revised.
*> Preliminary.
1 End of year.
2 Beginning Jan. 1974, does not include
noncorporate bonds and notes formerly included.
0Effective February 1976 SURVEY,
data revised to reflect: Annual review of seasonal factors; regular benchmark adjustment;
effect of changes in check collection procedures (Regulation J); and adjustments to include
new figures from internationally oriented banking institutions. Monthly revisions back to
1970 are in the Feb. 1976 Federal Reserve BuUetin.
f
490
545
475
540
470
655
595
570
685
1.470
1.495
1.655
1.455
1.525
1.975
2.065
1.935
1.740
1At all commercial banks.
OTotal SMSA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland and Los
Angeles-Long Beach.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
August 1976
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
S-21
1976
1975
1975
Annual
June
July
Aug.
Sept.
Oct.
Jan.
Dec.
Nov.
Feb.
Mar.
Apr.
May
June
July
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds
Prices:
Standard & Poor's Corporation:
High grade corporate:
Composited1dol. per $100 bond
Domestic municipal (15 bonds)
do
U.S. Treasury bonds, taxable!
do
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil. $
Face value.
..
_.
. . do_.
New York Stock Exchange:
Market value.. .
Face value.
--
58.8
76.1
56.2
68.9
56.7
69.8
56 6
68.5
55.6
68,3
55 8
66 0
56.0
66.0
56.3
66.2
56 1
67.4
57.0
69.7
57.1
68.8
57.3
69.2
58.2
71.3
56.5
69.1
56.8
69.3
57.1
71.1
57.45
57.44
58.33
58.09
56.84
55.23
55.23
55.77
56.03
55.75
57.86
58.23
59.33
57.38
57.86
58.38
9,345.90 810 14
10,703.85 919. 28
808 39
938 49
634 83
709. 89
613 63 962 53 757 15
685 94 1, 014. 65 834.21
890 01
999 20
(i)
6, 193. 81 9,070.20 783. 46
7, 740. 56 10,302.08 883. 08
784 10
904 23
621. 81
690 36
600 41
665 98
934. 93
982. 14
741. 19
812 29
856 23
949 84
487 41
478 39
343 37
340 74
416 62
341 97
419 45
570 68
504 74
491 60
424 66
420 88
413 29
388 78
9.45
9.43
9.51
9.55
9.51
9.44
9.45
9.33
9.23
9.18
6, 456. 77
8,120.18
do
do
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil $ 4 052 12 5 178.34
Yields:
Domestic corporate (Moody's)
By rating:
Aaa
_
Aa
A.. ..
Baa
percent..
8.98
9.46
8.57
8 67
9.16
9.50
8.83
8.97
9.65
10.39
do _.
do
do
8.78
9.27
8.98
9.25
9.88
9.39
9 29
9 81
9 40
do
do
6.26
6.09
7.08
6.89
6.99
6.98
do
do
do
do
95
03
70
35
8
Q
9
in
95
in
74
^s
9 26
9 81
9 37
9 29
9 93
9 41
9
Oc
9
49
6 96
6.76
7 09
6.94
7.18
7.02
7 fi7
6.86
6.89
7.06
10.63
11.82
4.83
4.27
8.09
10 49
11 52
4 96
4 42
8.50
13.56
10.47
11 51
4 97
4 14
8.50
13.56
10.47
11.49
4.97
4.14
8.50
13.56
(i)
220. 35
270. 42
48.26
77.16
251. 22
312 67
55 06
82.96
234. 44
291 42
51.58
76.11
230. 57
288. 52
51.33
74.34
(i\
Yields, composite
percent..
Industrials
_
. d o
Public utilities..
do.
Railroads
_ _
do
N.Y. banks
do ..
Property and casualty Insurance cos
do
4.82
4.37
10.01
5.53
4.01
5.14
4.18
3.68
9.01
5.33
3.67
4.20
4.47
3 95
9.64
5 44
4.06
4 63
4.47
3.98
9.68
5.57
4.36
4.83
(i\
Earnings per share (Indust., qtrly. at ann. rate;
pub. utll. and RR., for 12 mo. ending each qtr.):
Industrials
dollars
Public utilities
do
Railroads
do
27.69
7.63
9.81
22.91
7.80
• 7.45
By group:
Industrials _
Public utilities
Railroads
Domestic municipal:
Bond Buyer (20 bonds'*.
.
Standard & Poor's Corp. (15 bonds)
U.S. Treasury bonds, taxable©
...do
8
8
9
10
77
94
67
40
8
8
9
10
84
94
63
33
8
9
9
10
8
9
9
10
86
06
74
37
8
8
9
10
78
97
67
33
8
8
9
10
79
99
68
35
8
8
9
10
60
90
57
24
8
8
9
10
55
80
47
10
8
8
9
9
9.04
9.06
9.05
8.97
52
76
42
99
8 40
8 67
9 26
9 83
8
8
9
9
8
8
9
9
62
63
21
72
8 56
8 55
9 13
9 63
58
66
24
76
9 32
9 94
9 40
9 27
9 83
9 36
9 26
9 87
9 37
9 16
9 68
9 32
9 12
9 50
9 25
9 10
9 43
9 16
8 98
9 27
9 05
9 00
9 31
8 96
8 96
9 36
8 88
8 90
9 26
8 81
7.23
7 36
7.22
7 39
7.21
7 29
7.06
6 85
6.80
6 98
6.91
6.69
6.86
6 55
6.62
6 89
6.87
6 87
6.85
6 73
6.64
7.29
7.29
7.21
7.17
6.94
6.92
6.87
6.73
6.99
6.92
6.85
8.58
8.50
8.46
8.16
8.00
8.07
8.04
8.06
8.10
8.08
84
70
27
17
301. 60
988. 55
86 88
207. 80
302. 68
992. 51
87 15
208. 39
304.50
988. 82
86.66
215. 71
304. 34
985.59
86 16
218. 84
310. 90
993. 20
90 31
225. 92
100. 64
112 96
116.68
93 47
101. 08
113. 73
117. 30
94.64
101. 93
114. 67
115. 86
94.39
101. 16
113. 76
115.09
91.67
101, 77
114. 50
117. 50
90.26
104.20
116. 99
119. 62
93.37
46.51
14.53
46.56
11.26
56.98
103. 96
96.94
47.49
14.96
47.75
11.83
55.13
104.45
102. 68
9 98
Stocks
Dividend rates, prices, yields, and earnings, common stocks (Moody's):
Dividends per share, annual rate, composite
dollars..
Industrials
do_.
Public utilities...
__
do
Railroads
do..
N.Y. banks
do
Price per share, end of mo., composite
Industrials..
Public utilities
Railroads
do
do..
do
do
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent-Prices:
Dow- Jones averages (65 stocks) . _
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks)
Standard & Poor's Corporation: d*
Combined index (500 Stocks).
1941-43=10..
Industrial, total (400 Stocks) 9 . ... do
Capital goods (111 Stocks)..
do
Consumer goods (189 Stocks)
do
8.24
237. 33
759 37
75 84
164.05
82.84
92.91
92.84
78 08
8.36
8.34
(i)
8.24
8.41
25
49
81
39
259.00
845 70
83 87
168. 40
260
856
82
167
30
28
68
98
246. 22
815. 51
77 92
156. 32
86.16
96 56
94.63
81 18
92.40
103.68
101. 15
85 98
92.49
103 84
101. 15
86 58
85.71
96.21
93.05
78.29
247
802
79
163
Utilities (40 Stocks)
do
38 91
43 67
40 61
41 17
43 67
Transportation (20 Stocks)*
1970=10 .
Railroads (10 Stocks).
1941-43=10
37.29
35.13
38 94
37 48
38 04
Financial (40 Stocks)*
1970=10
New York City banks (6 Stocks) . 1941-43 = 10
51.33
54.16
57.77
58.13
51.48
Banks outside N.Y.C. (10 Stocks)
do..
80.52
90.44 83.01
83.89
87.19
Property-Casualty Insurance (6 Stocks^ .do..
88.72
84.15
96.72
95.98 85.19
••Revised.
p Preliminary.
• Estimate.
i Series discontinued by Source,
d* Number of issues represents number currently used; the change in number does not
affect continuity of the series.
U Prices are derived from average yields on basis of an
8.56
246
818
77
155
02
28
32
11
253
831
80
164
38
26
99
17
259
845
82
170
28
51
94
59
256
840
81
166
42
80
60
84
285
929
89
190
28
34
17
80
297
971
89
203
84.67
94 96
93.61
77 25
88.57
99.29
95.77
83 07
90.07
100 86
97.35
88 01
40 53
42 59
43 77
43 25
46 99
47 22
45 67
46.07
45.69
34 93
36 92
37 81
37 07
41 42
43 40
44.54
44.91
46.09
88.70
99 31
96.41
85 66
96.86
108 45
108 41
91 03
46.72
44.84
48.69
45.56 44.87
79.21
78.64
77.73 85.40
80.01
97.83
79.71
88.23 92.70 93.75
assumed 3 percent 20-year bond.
O For
9 Includes data not shown separately.
52.23 52.34 54.42 53.06
98.87
99. 93
95.56
93.38
92.36
99.56
100.69 100.97
bonds due or callable in 10 years or more.
*New series.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
|
1975
Annual
August 1976
1976
1975
June
July
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
54.28
60.62
38 66
35.69
52.71
May
June
July
FINANCE—Continued
SECURITY MARKETS-Continued
Stocks— Continued
Prices— Continued
New York Stock Exchange common stock indexes:
Composite
12/31/65=50Industrial
do
Transportation
_
do
Utility
do
Finance .
.
d
o
Sales:
Total on all registered exchanges (SEC):
Market value
mil $
Shares sold
millions
On New York Stock Exchange:
IVtarket value
mil $
Shares sold (cleared or settled)
millions
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
(sales effected)
millions
Shares listed, N.Y. Stock Exchange, end of period:
Market value, all listed shares
bil. $
Number of shares listed
millions
43.84
48.08
31.89
29.79
49.67
45.73
50.52
31.10
31.50
47.14
49.22
54.61
32.38
32.79
52.20
49.54
54.96
32.90
32.98
52.51
45. 71
50 71
30.08
31.02
46.55
44.97
50 05
29.46
30 65
43.38
46.87
52 26
30.79
31 87
44.36
47.64
52.91
32.09
32 99
45.10
46.78
51.89
31.61
32 75
43.86
51.31
57.00
35.78
35.23
48.83
53. 73
59.79
38.53
36.12
52.06
54.01
61.60
39.19
35. 44
52.59
118,434
4 846
157, 260
6 221
14,710
586
15, 797
604
11, 176
406
9 634
355
13, 294
475
11 145
404
12 829
521
18, 470
689
20, 827
801
20, 772
796
99 178
3 822
133 684
5 051
12, 627
479
13 504
494
9 513
327
8 172
287
11 344
389
9 495
335
10 881
417
15 708
563
17 415
640
17 540
631
3 518
4,693
447
442
281
275
366
319
349
636
596
531
392
511. 06
21 737
685. 11
22 478
723. 00
22, 016
678. 07
22, 094
660. 95
22, 143
636 87
22 193
672
11
29 245
692 22
22 382
685. 11
T> 478
771. 39
22 551
769. 47
22,592
791. 85
22, 700
781. 60
22, 784
54.23
53.87
60.22
60.70
39.71 ' 40. 41
35.16
35.40
51.82
50.99
55.68
62.11
42.12
36.49
54.06
356
417
394
773. 60
22, 956
809. 20
23,263
FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
Exports (mdse.), incl. reexports, totaled
Excl. Dept. of Defense shipments.
Seasonally adjusted
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
do
do
do
do
Northern North America
Southern North America
South America
By leading countries:
Africa:
Egypt
Republic of South Africa
Asia; Australia and Oceania:
Australia including New Guinea
India
Pakistan
Malaysia
Indonesia
Philippines
Japan
mil. $._ 98,507.2 r 107,591.6 8,690.4 8,243.1 8,456.4 8,378.7 9,750.9 9,526.4 9,328.7 8, 769. 8 8, 742. 4 9, 847. 4 9, 843. 6 9, 988. 1 9, 863. 3
97,908.1 107,130.4 8,630.1 8,213.7 8,446.5 8,353.1 9,719.3 9,513.3 9,303.5 8, 760. 2 8,737.6 9,842.2 9, 834. 2 9, 977. 4 9, 850. 4
do
do
8,715.5 8,871.0 8,979.9 9,104.2 9,225.7 9,408.9 9,249.9 9, 103. 4 8,800.1 8, 955. 6 9, 393. 6 9, 578. 0 9, 716. 3
-
..do
do
do
do
do
455.2
1, 159. 9
682.7
1, 302. 4
47.8
108.6
78.0
119.3
44.0
102.8
35.1
90.4
43.0
117.9
48.7
110.0
48.8
119.6
61.3
96.6
78.3
93.1
54.9
139.0
77.6
113.7
75.1
93.7
57.3
138.1
do
do
do
do
2,172.3
759.8
396.4
377.3
1,834.0
1, 289. 7
372.0
395.3
156.0
122.3
38.9
31.1
134.2
109.5
21.3
31.0
159.7
119.7
32.8
42.9
153.6
116.0
22.0
57.4
151.7
102.1
28.2
36.2
184.7
91.6
33.2
29.4
166.3
127.6
29.8
30.7
154.4
123.5
28.1
29.8
163.2
99.0
35.0
30.8
163.3
127.2
42.2
34.0
172.3
74.8
35.1
35.1
177.2
52.6
28.4
40.8
224.7
62.7
16.3
54.1
do
do
do
530.5
746.7
10,678.5
810.1
831.5
9, 565. 4
78.0
71.7
783.9
78.7
74.7
773.6
62.0
67.2
793.2
55.8
72.3
724.9
61.4
67.9
752.9
58.5
70.0
844.1
64.8
78.4
729.9
91.2
57.6
841.4
72.3
59.1
671.9
107.5
78.7
824.6
104.1
69.9
768.0
114.7
69.2
864.3
67.8
61.1
858.9
2, 941. 5
3, 030. 7
228.7
22?. 3
213.4
214.5
251.5
240.0
273.7
254.2
281.1
301.5
306.8
312.8
289.6
21.9
17.3
.7
3.3
.4
.8
5.5
1.6
.6
.5
.6
4.8
14.5
6.7
2.3
4, 984. 6
5, 194. 1
347.7
355.9
387.9
389.5
436.5
477.3
534.5
504.1
386.5
516.2
451.5
463.1
401.7
do
do
do
2,751.6
608.8
4, 573. 5
2, 866. 9
1,835.5
4,524.9
2?1 4
76.6
330.1
228.3
120.6
360.7
255.1
151.1
325.8
194.6
147.6
341.0
220.3
305.1
359.6
231.0
353.9
367.7
207.9
233.8
348.9
264.8
234.2
346.0
230.5
276.5
386.3
257.4
229.7
393.6
283.3
233.9
431.6
245.5
245,3
385. 1
277.7
183.3
364.5
do
19,936.0 21,758.9 1, 889. 2 1, 624. 7 1,620.0 1, 848. 5 2, 084. 3 1,917.2 1,830.4 1,675.3 1, 851. 5 2, 197. 4 2, 192. 4 2, 242. 8 2, 244. 2
14,500.9 15, 670. 0 1,344.6 1, 266. 1 1,285.1 1, 185. 2 1,412.5 1,318.1 1, 380. 2 1,238.1 1, 195. 7 1, 363. 1 1, 313. 7 1,268.0 1, 349. 9
41.2
52.1
39.1
29.4
27.5
596.6
628.3
71.5
37.3
50.7
29.0
37.3
42.4
36.4
39.9
229.8
258.4
232.5
270.7
3, 088. 0 3, 056. 2
265.0
233.3 234.9
291.3
255.3 269.3 243.8
299.9
270.1
40.6
24.8
533.4
452.2
36.6
26.3
31.0
40 6
26.2
40.8
33.7
45.4
28.9
49.3
49.5
66.7
53.4
64.3
47.8
659.2
642.9
60 9
39.8
55.6
60.5
58.0
55.3
54.6
40.7
41.6
451. 5
424.9
427.5 480.3 441.4
417.2
419.2
483.2
412.6
4, 855. 3 5, 143. 6
431.6
385.1
451.4
450.5
234.4
209.9
195.8
1, 767. 7 2,243.3
185.3 213.6
193.3
192.8
191.0
177.3
198.7
206.2
181.4
189.7
Europe:
France
do
German Democratic Republic (formerly E.
Germany)
mil $
Federal Republic of Germany (formerly W.
Germany)
mil. $
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
I^atin American Republics total 9
Argentina
Brazil .
Chile
Colombia _
Mexico
Venezuela
Exports of U.S. merchandise, totaled
Excluding military grant-aid
Agricultural products, total
Nonagricultural products, total
422.4
513.6
438.9
427.1 382.5
3, 659. 4 4, 949. 2
339.7 420.4
424.4
331.6
423.2
347.2 444.4
406.8
25,784.5 28, 259. 5 2, 435. 0 2, 300. 1 2,388.6 2, 287. 9 2, 369. 8 2, 388. 2 2, 385. 2 2, 409. 3 2, 218. 4 2, 465. 3 2, 398. 6 2, 521. 6 2, 448. 9
215.9
301.8
203.2
201.7
2, 696. 8 2, 338. 6
192.9
203.2
172.7
191.6
206.6
197.9
192.8
213.6
236.1
30,069.6 32, 726. 5 2. 269. 7 2, 327. 1 2, 454. 7 2, 400. 2 2, 985. 5 3, 053. 8 2, 969. 4 2, 804. 7 2, 836. 1 3, 060. 8 3, 124. 4 3, 135. 8 2, 814. 0
19,941.7 21,767.4 1,891.7 1, 625. 0 1, 620. 2 1, 848. 6 2, 084. 7 1,917.5 1,830.4 1,675.7 1,851.8 2, 197. 6 2, 192. 5 2, 244. 0 2, 244. 6
750.3
771.6
7, 947. 7 8, 290. 4
679. 1
673.9
752.0 693.9
680.4
665. G
664.6
738.2
722.5 750.3
621.6
731.5
729.7
693.0 685.4
7, 856. 0 8,815.3
704.3 719.9
680.7
628.6
786.3
755.9
815.9
664.0
695.5
do
do
do
do
do
do
do
do
do
do
do
97, 144. 2
96, 545. 0
21,998.9
75,145.2
106,102.1 '8,550.5
105,641.0 '8,490.2
21,889.2 1,389.1
84, 267. 6 7, 161. 4
'8,141.8
'8,112.4
1, 532. 4
6, 626. 6
8, 362. 0
8, 352. 1
1,600.7
6, 786. 2
'8,258.7
'8,233.1
1, 609. 9
6, 692. 8
^,634.4
'9,602.8
2,081.9
7,551.3
'9,419. 5
'9,406.4
2, 176. 4
7, 244. 1
'9,218.9
'9,193.6
1,959.9
7, 255. 3
8, 668. 1
8, 658. 5
1, 994. 1
6, 674. 0
8. 633. 9
8. 629. 1
1,715.1
6, 918. 8
9, 690. 7
9, 685. 4
1, 873. 3
7, 817. 4
9, 714. 1
9, 704. 7
1, 933. 1
7, 781. 0
9, 865. 4
9, 854. 7
1, 848. 6
8, 016. 8
9, 730. 7
9,717.8
1, 281. 3
1, 823. 8
By commodity groups and principal commodities:
Food and live animals 9
mil $ 13,985.8 15,484.3 1, 059. 8 1, 114. 7 1, 182. 3 1, 244. 0 1, 475. 5 1,526.8 1, 382. 0 1, 333. 3 1,159.8 1, 244. 3 1, 355. 3 1, 253. 4 7, 906. 9
67.6
77.4
60.6
57.1
50.8
45.7
62.2
56.1
53.9
79.3
380.7
527.7
39.9
47.0
49.7
Meats and preparations (incl. poultry). .do
886.4
866.1
947.9
982.7 840.6
853.8
10, 330. 9 11,643.1 '743.3 809.0
876.7 933.3 1,114.4 1, 174. 4 1,038.4
Grains and cereal preparations
do
89.7
120.7
90.3
150.2
187.9
137.6
105.7
128.6
1,247.4 1,308.4
104.4
139.3
118.1
Beverages and tobacco
do
79.8
71.5
Crude materials, inedible, exc. fuels 9
Cotton, raw, excl. linters and waste
Soybeans exc canned or prepared
Metal ores, o.nn r*<vnt rat. p,<; and Qpran
r
do
do
do
An
10, 934. 4
1,334.7
3, 537. 4
i 47* n
9,783.6
991.2
2, 865. 2
1 MR 9
668 3
95.2
83.8
ian R
757.0
90.8
185.9
111 7
775.7
86.0
200.4
112 fi
Revised.
cf Data may not equal the sum of the geographic regions, or commodity groups and principal
693.6
875.9 859.4
835.8
794.1
819.8
39.4
59.8
44.9
57.1
67.6
61.6
336.4
265.7
145.2
354.9
268.3 277.4
10fi.4
99.8
84. 1
94.8
85.8
82.4
commodities, because of revisions to the totals not
9 Includes data not shown separately.
929.6 875.4
888.0
904.5
89.0
90.2
82.0
104.6
265.8
253.7
256.6
267.8
110.9
13 1. 7
93.3
100.7
reflected in the component items.
SURVEY OF CURRENT BUSINESS
August 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
S-23
1975
June
July
Aug.
Sept.
1976
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
415.1
297.3
95.6
373.0
278.2
76.6
403.8
314.4
72.5
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF EXPORTS— Continued
Exports of U.S. merchandise— Continued
By commodity groups and principal commodities—Continued
Mineral fuels, lubricants, etc. 9 .
mil. $
Coal and related products
_ do
Petroleum and products
do
3,443.9
2, 487. 2
791.7
4, 469. 5
3, 343. 0
907.3
406.2
310.1
83.3
310.3
220.0
74.8
379.8
288.9
98.1
-323. 5
233.9
79.7
318.5
224.2
81.1
457.9
379.6
63.8
350.9
231.2
89.4
268.4
187.3
60.0
281.7
156.2
84.8
303.9
208.6
76.5
Animal and vegetable oils, fats, waxes
do
1,423.3
943.8
57.9
66.3
43.9
43.5
56.9
77.7
68.8
78.9
73.9
77.9
77.3
96.4
78.3
Chemicals
do
8, 819. 2
8, 691. 2
718.7
696.7
710.7
676.1
728.8
661.6
780.7
748.7
714.9
863.8
854.2
898.1
844.4
11,165.8 10,919.2
1,795.3 1, 624. 5
2, 560. 3 2, 457. 0
1, 300. 4 1, 089. 5
899.3
129.4
225.9
87.5
863.3
122.9
199.5
71.2
875.6
132.8
199.1
79.6
880.2
142.8
185.9
84.7
980.7
162.0
173.5
92.3
914.2
147.1
184.2
92.6
895.3
145.6
151.6
103.2
894.0
150.3
145.0
90.2
890.5 1, 019. 0
151.3
175.9
152.4
164.3
68.0
104.9
975.5
168.0
168.8
89.7
959.2
161.6
166.6
83.5
959.8
169.2
157.8
88.1
..
Manufactured goods 9 If.
Textiles..
Iron and steel__
Nonferrous base metals
_ _
.
do ...
do
do.
do
Machinery and transport equipment, total
mil. $__ 38;188.6 45,667.6
Machinery, total 9 .
.
do
Agricultural
do
Metalworking _ _
do
Construction, excav. and mining.. _ do.
Electrical
do
Transport equipment, total
do
Motor vehicles and parts
do
3,937.9 3,569.5 3,551.1 3,586.1 4,260.3 3, 946. 7 4,038.2 3,589.3 3, 879. 3 4, 330. 9 4, 224. 1 4,438.8 4, 395. 7
23,687.9 28, 476. 2 2, 423. 1 2, 287. 4 2, 304. 6 2,202.9 2, 587. 9 2, 413. 8 2, 474. 3 2, 377. 1 2, 402. 3 2, 7P9. 8 2, 704. 0 2,721.7 2, 668. 7
1, 398. 4 2, 094. 4
198.5
189.9
190.7
186.5
142.6
150.1
182.5
203.4
218.6
155.5
186.6
221.5
171.4
636.5
75.8
73.5
71.7
66.2
79.4
63.8
73.7
106.0
83.1
72.4
83.3
106.6
916.4
96.2
3,112.6 4,731.4
421.2
413.8
406.5
442.5
418.2
397.5
374.4
438.2
394.4
429.6
386.2
434.6
423.1
7, 019. 2 7, 582. 0
624.2
688.5
596.9
769.4
624.1
599. 2
795.1
664.2
770.0
706.4
665.1
792.2
633.3
14, 500. 7 17,190.5 1,514.9 1,280.5 1, 246. 1 1,382.2 1,670.8 1, 532. 8 1,563.9 1,212.2 1, 477. 0 1,541.1 1, 520. 1 1, 717. 1 1, 727. 0
7, 878. 1 10, 036. 2
893.4
743.7
848.1
728.2
893.0
997.8 1,011.5 1,009.9
919.4
981.2
760.5
989.7
944.3
5, 349. 1 5, 672. 7
481.0
454.6
500.4
558.0
460.0
460.8
578.0
545.7
471.8
477.9
530.9
611.8
478.5
Miscellaneous manufactured articles
do..
Commodities not classified
do
2, 586. 6
do
do
100,251.0
241.4
237.9
277.8
245.7
278.2
96, 116. 0 7,277.9
7,102.5
7,920.1
7,831.6
7,518.3
7,876.7
8,152.6
8,196.0
8,510.8
8,169.3
3, 162. 0
353.3
265.5
254.0
201.6
216.5
258.3
248.5
244.4
VALUE OF IMPORTS
General imports, total
Seasonally adjusted.
_ _
By geographic regions:
Africa
...
Asia.
.__
Australia and Oceania
Europe.
Northern North America.
Southern North America.
South America ... _.
.
By leading countries:
Africa:
Egypt
Republic of South Africa
Asia; Australia and Oceania:
Australia, including New Guinea
India. _
Pakistan
Malaysia
Indonesia.. .
Philippines _
Japan
do
do
do
do
6, 617. 6 8, 304. 6
686.4
474.5
869.2
681.6
632.5
893.8
710.7
964.5 1, 054. 5
789.9
743.0
27,344.9 27, 054. 6 1, 870. 8 2, 176. 1 2, 223. 9 2,321.3 2,574.5 2, 356. 0 2, 663. 0 2, 955. 3 2, 502. 1 3, 145. 9 3, 033. 1
1,503.9 1, 508. 2
154.6
112.8
163.5
132.0
101.2
136.1
130.9
134.7
124.0
94.9
115.9
24,411.8 21, 465. 9 1, 708. 1 1, 782. 0 1, 558. 1 1, 539. 1 1, 742. 9 1,831.0 2, 053. 9 1,896.6 1, 610. 8 2, 156. 9 2, 027. 5
811.6 1, 106. 0
2,790.2 3, 414. 8
177.4
130.7
1,806.4 2,022.3
do
do
do
21,929.1 21, 754. 7 1,813.2 1, 756. 7 1, 597. 9 1,821.6 2, 036. 1 1, 861. 5 2, 021. 5 1, 796. 2 1, 871. 2 2, 253. 5 2, 301. 4
9, 433. 1 8,821.6
776.4
798.9
753.4
834.4
760.5
591.7
749.5
714.2
681.4
900.8
684.6
8, 962. 4 7,219.3
472.7
601.2
692.8
542.4
558.7
501.1
566.7
627.7
560.4
642.3
606.2
2,222.5 2, 331. 0
883.0
698.2
643.1
483.8
do
do
do
do
do
do
do
do
do
Europe:
France
do
German Democratic Republic (formerly E.
Germany)
mil. $
Federal Republic of Germany (formerly W.
Germany)
mil. $
Italy
_
_
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada
69.7
608.8
27.5
840.9
.7
77.1
2.8
91.0
2.3
46.9
6.8
79.7
.5
85.0
1, 082. 7 1, 183. 0
559.5
548.2
60.7
48.8
769.7
766.4
1, 688. 1 2, 220. 6
1, 083. 9
754.2
12,337.6 11, 268. 0
123.4
37.1
3.5
56.5
133.4
33.1
858.1
89.3
42.3
3.8
59.4
224. 8
35.7
952.6
108.3
36.6
3.3
44.0
232.1
50.2
915.5
132.4
50.7
3.3
56.2
207.6
87.3
840.6
109. 8
76.8
3.9
74.4
219.2
99.3
938.1
101.3
89.1
101.0
77.2
62.1
59.8
6.2
6.4
5.4
80.8
77.5
66.8
182.5
245.1
192.9
63.4
49.5
44.3
867.1 1, 044. 9 1, 156. 7
124.9
92.1
74.2
102.3
79.0
65.7
60.2
74.7
59.1
55.1
5.8
5.7
6.9
7.7
5.8
97.8
61.8
63.6
72.4
65.6
222.3
245.1
225.0
278.4
190.9
55.7
67.7
66.5
58.3
53.3
995.0 1, 308. 3 1,231.2 1,184.6 1,399.4
2, 257. 4
2, 136. 9
176.1
204.6
163.9
134.2
150.8
175.5
194.9
185.3
166.7
222.9
206.1
183.0
14.1
11.2
.6
.7
.9
1.0
1.4
.9
1.3
1.9
.5
1.1
.6
1.1
.9
6, 323. 9
2, 585. 0
349.7
4, 061. 3
5, 381. 5
2, 397. 1
254.4
3,784.4
413.6
192.3
20.3
311.8
430.0
190.3
18.7
311.4
408.8
214.3
14.1
271.4
347.6
205.7
21.4
274.6
433.1
194.9
25.4
298.2
438.1
209.9
17.0
298.3
509.5
218.5
23.7
360.7
486.0
207.5
16.7
302.2
348.0
178.5
11.2
286.6
490.1
228.5
14.5
402.7
460.8
208.8
18.3
359.0
431.0
198.0
12.1
334.4
491.7
214.5
26.3
376.9
do
21,924.4 21, 746. 7 1,812.8 1, 755. 8 1, 597. 6 1, 820. 9 2, 034. 7
Latin .American Republics, total 9
do
13,666.9 11, 839. 8
925.6 1, 068. 7
964.1 1,037.6
952.3
Argentina
do
385.8
214.6
12.4
14.4
10.7
24.9
39.9
Brazil.. _ _
do
1,699.9 1, 464. 3
121.0
117.5
119.7
188.3
115.2
Chile
do
310.3
137.7
7.8
9.0
11.9
14.1
13.1
Colombia
do
511.0
590.2
55.0
46.4
61.4
59.9
44.5
Mexico
_
do
3, 390. 4 3, 058. 6
251.1 243.5
270.3
298.4
268.9
Venezuela
do
4, 671. 1 3, 623. 9
259.3
204.0
307.8
249. 8
278.1
By commodity groups and principal commodities:
Agricultural products, total
mil $ 10, 380. 1 9, 489. 8
687.4
763.0
946.2
829.2
857.7
Nonagricultural products, total
do
89, 837. 9 86, 650. 5 6,413.7 7, 152. 4 6, 826. 2 7,215.4 7, 682. 7
Food and live animals 9
do
9, 386. 2 8, 508. 8
635.8
779.7
705.8
896.9
759.9
Cocoa or cacao beans..
do
97 9
316.6
321.1
14.6
19.4
21.2
23.6
Coffee
do
1,504.8 1, 560. 9
141.0
210.4
120.3
115.9
145! 5
Meats and preparations
do
1, 352. 6 1,141.2
83.2
95.6
99.9
106.2
102.0
Sugar
do"""" 2 247 4 1, 870. 1 259.5
109.1
165.4
174.7
237.0
Beverages and tobacco.
do
1,322.3 1,419.5
103.4
129.6
95.8
128.0
106.9
Crude materials, inedible, exc. fuels 9
do
6, 065. 6 5, 564. 3
476.4
513.0
506.4
457.7
420.9
Metal ores
do
1, 848. 1 1, 976. 7
155. 4
181.5
183.3
184.3
165.0
Paper base stocks
do
1,164.9 1, 067. 5
92.4
97.2
75.8
82.2
86.9
Textile
fibers
"""do""""
225.2
174.4
11.4
12.9
11.3
17.6
19.6
Rubber
do"
515.6
364.7
30.7
28.0
32.3
34.1
30.0
Mineral fuels, lubricants, etc
do
25,453.8 26, 475. 6 1,436.1 2,137.3 2,245.6 2, 446. 1 2, 345. 5
Petroleum and products
do
24, 269. 5 24, 814. 3 1,316.1 2,021.8 2, 134. 3 2, 305. 0 2, 197. 7
Animal and vegetable oils and fats
do
544.3
553.9
33.2
44.8
32.7
41.6
48.8
Chemicals.. _ _
~ ~d 0
4, 017. 7 3, 696. 4
247.4
252.8
270.6
275.1
302.4
Manufactured goods 9 If
do
17,718.7 14, 700. 5 1,230.8 1, 136. 6 1, 005. 3 1,091.8 1,194.0
Iron and steel
~""do
5,148.9 4, 594. 5
371.6
265. 7
321.8
238.5
285.4
Newsprint
do
1, 503. 2 1, 427. 3
106.0
134.6
131.9
97.8
109.0
Nonferrous metals.
dn ~~ 3, 921. 0 2, 580. 7
231.0
162.0
173.2
225.8
258.8
Textiles....
d o " " " 1,614.7 1 218.6
94.2
89.6
89.9
117.0
90.1
r
Revised.
9 Includes data not shown separsitely.
[Manufad ured goc ds— class ified chi efly by nlaterial.
7,908.5 8,884.5 9, 009. 0 8,111.2 10,199.2 9, 895. 1 8, 943. 7 10,578.1
8,201.3 8,521.5 9, 176. 0 8, 940. 9 9, 606. 5 9, 595. 7 9, 182. 4 10,093.6
4.8
71.9
7.8
59.5
11.4
62.8
5.8
70.8
14.0
75.6
11.0
58.3
8.4
52.8
1.1
95.8
206.5
1, 861. 5 2, 020. 3 1,795.7 1, 870. 9 2,253.0 2, 300. 5 2,221.4 2, 330. 8
906.7 1, 193. 8
997.2
835.6
992.8
927.8 1, 149. 5 1,027.7
26.2
25.2
17.2
20.5
27.2
22.5
23.4
18.3
135.2
108.2
116.9
134.1
98.9
135.8
98.5
133.3
22.6
20.5
19.0
10.8
12.2
16.4
14.6
13.1
58.6
51.4
52.3
58.5
41.0
59.5
58.9
59.9
330.4
286.6
309.3
280.2
248.0
263.4
258.0
335.5
294.9
256.6
186.7
284.1
225.3
286.2
287.4
319.7
847.4 1, 038. 2
787.3
800.5
831.0 1, 002. 8 918.2
843.0
7, 110. 2 8,101.6 8, 165. 9 7, 280. 2 9, 196. 3 8, 976. 9 8,096.3 9, 540. 0
980.2
781.8
712.1
818.6
669.5
890.1
725.1
759.7
31.3
30.6
30.3
41.7
24.0
38.8
21.8
44.3
239.9
178. 9
179.8
117.4
140.9
152. 0
166.3
234.3
149.3
130.1
100.6
125.5
122.0
90.7
128.3
135.6
121.8
94.3
122.7
90.4
76.3
62.9
91.3
76.1
120.4
137.2
141.5
158.3
167.8
127.6
108.4
136.2
415.3
126.4
81.7
18.4
39.2
524.4
183.9
96.9
20.8
36.9
483.7
147.0
108.6
18.0
38.5
439.5
102.0
99.3
16.8
33.8
539.6
125.6
109.5
31.8
45.5
563.0
162.8
102.2
22.3
47.2
539.1
168. 5
106.0
19.0
33.6
652.3
246.6
115.8
17.8
49.6
2, 089. 4 2, 547. 5 2, 790. 7 2, 302. 3 2, 748. 2 2, 797. 3 2, 134. 9
1,931.1 2, 364. 1 2, 609. 4 2, 122. 4 2, 583. 6 2, 620. 3 1,968.1
, 834. 1
, 659. 8
29.4
371.0
30.1
388.0
1,121.2 1,211.1 1, 190. 5 1, 108. 6 1, 470. 7 1,409.6 1, 383. 4
318.5
288.3
279.6
318.6
330.5
291.2
310.0
146.9
169.4
157.2
73.1
78.6
68.7
76.6
288.4
294.7
278.0
231.3
252.7
211.1
247.3
129.8
144.9
126.0
141.4
148.9
117.5
144.8
, 649. 6
411.4
161.0
362.4
138.5
66.2
298.5
46.0
327.9
37.8
350.0
51.5
316.6
34.4
410.1
36.8
414.3
July
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1975
1975
1974
August 1976
Annual
July
June
Aug.
1976
Oct.
Sept.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF IMPORTS— Continued
General imports— Continued
By commodity groups and principal commodities—Continued
Machinery and transport equipment
mil. $__ 24,060.3 23,464.6 1,961.6 1,964.4 1, 822. 0 1,793.3 2, 138. 6 2, 018. 6 2,269.4 2,229.7 2, 104. 9 2, 724. 0 2,606.2 2, 459. 1 2,612.5
971.4 1, 012. 0
924.3
966.4 1,109.8
Machinery total?
do __ 11,612.0 11, 727. 4
999.1 1, 124. 0 1 003.9 1, 009. 7 1 310 11 228 2 1 180 4 1 245 5
299.7
29.1
26.0
23.5
29.8
361.5
29.7
Metalworking
do
28.6
28.7
29.4
32.9
25 1
26.5
25 7
28.0
5, 339. 1 4,911.2 411.0
432.0
527.4
407.9
455.6
444.3
496.3
Electrical
do
590 8
450 1 443.2
566 5 556 0 631 2
Transport equipment
Automobiles and parts
do
do
12,450.7 11, 737. 2
10,263.9 9, 920. 7
990.1
837.5
952.4
807.2
897.7
777.1
826.9 1,028.8 1, 019. 6 1, 145. 4 1, 225. 9 1, 095. 3 1,413.9 1 377.9 1 278.7 1 367.0
907.0
914.3 1, 026. 2 1,132.4
699.8
979.8 1 246 3 1 239 3 1 139 4 1 248 3
9, 227. 6
722.7
850.9
800.6
815.7
919.7
844.1
878.7
838.7
790.2
999.2
931.7
925.4 1,098.7
2,255.7
2, 529. 1
219.7
223.8
189.7
217.9
217.4
211.9
234.6
186.6
169.7
215.0
189.9
211.2
174.5
180.5
315.0
*>196.3
P175.8
v 345. 1
194.6
170.9
332.5
195.5
162.8
318.3
194.2
168.9
328.0
195. 5
165.8
324.1
194.1
193.7
376.0
195.5
188.4
368.4
198.7 * 199. 8 * 198. 4 P 196.7
181.1 P169.7 * 170. 3 p 192.8
359.8 P 339. 0 P 337. 9 P 379.2
223.3
168.1
375.5
v 241. 9
P 149. 0
P 360. 6
246.2
133.4
328.5
238.3
149.4
356.0
238.8
141.3
337.4
237.6
154.5
367.2
238.9
160.5
383.4
236.6
150.6
356.2
239.6 ?240.3
166.7 "166.7
399.4 P400.5
thous sh tons
mil. $
264,484
55, 506
269, 190
61, 412
21, 441
4,847
20,939
4,743
23,479
4,984
21, 373
4,625
23, 611
5,485
27, 156
5,466
23, 346
5,360
21, 578
5, 107
19, 368
4,772
20, 779
5,271
25, 124
5,553
thous sh tons
mil $
446 558
67,160
427, 865
63, 469
27, 781
4,632
36, 107
5,300
35, 633
5,135
39, 381
5,418
36, 773
5,349
32, 095
5,018
38, 910
5,780
40, 865
6,253
33, 305
5, 246
40, 122
6,673
40, 391
6,434
14.19
53.6
1,954
P 14.67
P 56 2
P 1,991
Miscellaneous manufactured articles
Commodities not classified
. do .
do
9,426.2
196.4
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Unit value
1967 = 100
Quantity
- - _.do
Value
do
General imports:
Unit value
- _ _ _
do
Quantity
- do
Value
do
p 198. 9 P201.2 P 200. 6
P191. 0 pl91. 8 P 189. 7
p380. 0 p385. 9 P380.5
* 241.9 p 243.1 p 245.0 P215.9 p 247. 3
P 150.9 p 188.8 p 182. 1 P164.3 P 193. 5
p 364.8 P 459.1 P446.2 p 404.0 P 478. 5
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
Value
General imports:
Shipping weight
Value
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger-miles (revenue)
bil
Passenger-load factors
percent
Ton-miles (revenue), totalf
mil
Operating revenues? O
Passenger revenues
Cargo revenues
Mail revenues
Operating expenses©
Net income after taxesO
Domestic operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles
Operating revenuesO
Operating expensesO
Net income after taxesO
mil $
do
do
do
do
do
bil_
mil
do
mil $
do
do
International operations:
Cargo ton-miles
Mail ton-miles
Operating revenuesO
Ttfpt i
nrn A nif tnr tn pVo"
mil
do
mil $
r\
16.10
57 4
2,110
162 92
54 9
22 425
162 81
53 7
22, 186
14 90
56 5
1 968
14 703
11 879
1 248
309
13 978
322
Pl5
356
P I9, 354
P I 310
P311
P 15 228
P —72
3 796
3 078
4,174
3 389
316
75
344
72
3 711
' 32
3,950
129. 73
2 888
692
131.73
2 747
683
12.14
11 546 p 12 020
10 761 p 11 902
381
P 46
2,964
2 903
232
52
17 30
61 9
2241
12 90
51 8
1,803
13.36
53 7
1,899
12.26
52 0
1,762
13.81
249
54
10.22
10.92
244
53
261
59
10.06
239
55
3,203
3,075
a
a
12. 75
52 0
1, 727
p 3,876
p 3,172
"332
11.36
214
75
^73
p 4,005
P -130
10.54
11.29
206
56
207
52
11.80
250
59
33 19
2 083
471
31 08
2 048
o 7«
426
156
37
3 157
3 218
' 60
P 3 336
P 3 326
p 25
832
808
15
5 606
T 5 599
••457
98
2 9 gio
2 9 553
100
100
98
95
2 269
2 500
2 761
2,565
233
220
54
81
78
65
194
174
41
43
49
45
3 35
172
35
3 49
175
33
2 67
187
30
2 44
210
33
2 20
204
38
971
875
75
2 56
173
46
P 12.11
?255
P 10. 66
P 11. 83 a P 12. 74
p58
p 3,102
p 3,187
p -76
p 3,073
p 3 062
p —13
42
18
13.94
53 4
1,839
P 3, 884
p3 037
*>356
J>84
?3 923
p —58
118
12.75
238
54
13 93
60 1
1,901
2 65
2 21
151
33
161
32
2 39
193
33
p 2 56
P 179
p32
*774
P817
p -54
P 811
P 861
p 45
Urban Transit Systems
Passengers carried (revenue)
mil
Motor Carriers
Carriers of property, large, class T, qtrly.:*
Number of reporting carriers
Operating revenues total
mil $
Net income, after extraordinary and prior period
charges and credits
mil $
Tonnage hauled (revenue), common and contract
carrier service
mil tons
Freight carried— volume indexes, class I and II
intercity truck tonnage (ATA) :
Common and contract carriers of property
Common carriers of general freight/ seas. adj.
iQf»7 inn
Class I RailroadsA
Financial operations, qtrly. (AAR),excl. Amtrak:
Operating revenues total © 9
mil $
Freight
'
do
Operating expenses
ffi
Tsx accruals and rents
Net railway operating income
Net income (after taxes)
ffi
_. _
do
do
do
do _
98
430
425
496
450
493
121
118
1 o-j D
19Q Q
16 947
2 15 ggi
16 423
15 410
297
3 995
3*746
73
4,154
3 900
4,435
4 176
13 254
2 818
3 301
*693
3,237
3,415
727
190
743
277
i 115
1239
290
13 127
3 050
467
481
564
484
472
466
145 0
155 7
153.2
124
135
1 KK A
131 2
138 5
1
76Q
351
*687
nil i-67
r
2
Revised.
v Preliminary.
1 Before extraordinary and prior period items.
Annual
total; quarterly revisions not available.
9 Includes data not shown separately. . <j Applies to passengers, baggage, cargo, and mail carried.
§ Passenger-miles as a percent of
available seat-miles in revenue service reflects proportion of seating capacity actually sold
and utilized.
O Total revenues, expenses, and income for all groups of carriers also reflect
nonscheduled service.
*New series. Source: ICC (no comparable data prior to 1972).
433
140 1
75
137 5
137 6
141 8
149 6
152 2
3, 824
4,365
& 3, 288
<> 653
* -116
6i_174
3,535
142 6
b
78
764
66
124
cf Indexes are comparable for the identical quarter of each year (and from year to year).
A Effective 1976, class I roads are defined as those having annual operating revenues of
$10 million or more.
0 Natl. Railroad Pass. Corp. (Amtrak) operations (not included in
AAR data above), 1st 6 months 1974 and 1975 (mil. $): Oper. revenues, 129; 119; oper. expenses,
221; 248; net loss, 125; 166; (ICC).
"Domestic trunk operations only (domestic trunks
b
average about 90% of total domestic operations).
For 1st qtr. 1975.
SURVEY OF CURRENT BUSINESS
August 1976
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1975
Annual
S-25
1975
June
July
Aug.
Sept.
1976
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION—Continued
Class I RailroadsA— Continued
Traffic:
Ton-miles of freight (net), total, qtrly
bil
Revenue ton-miles, qtrly. (AAR)
do
Revenue per ton-mile
cents
Price index for railroad freight
1969=100.
Passengers (revenue) carried 1 mile
_mil_.
880.7
851.0
1.848
149.7
10, 333
781.0
752.8
193.3
189.6
1.950
169.4 2 165.9
4, 794
190.1
182 4
202.8
196.2
« 193. 8
200.1
189.8
203.1
355.6
175.2
175.6
175.7
180.2
180.8
180.9
181.0
181.2
181.2
185.4
187.1
187.4
187.4
118
123
131
27.60 r 27. 74 27.31
59
'63
59
21.23 ' 21. 72 22.81
64
71
71
121
26.89
60
21.77
76
115
27.01
58
20.72
65
131
29.55
70
21.31
69
117
28.19
60
21.16
60
117
27.67
43
20.83
48
108
29.41
56
21.24
58
113
30.48
57
21.11
63
132
29.28
62
21.64
66
120
30.88
64
21.93
66
140
32.10
67
22.92
71
137
30.71
67
23.30
74
590
629
474
387
315
3,828
617
710
488
422
315
5,357
711
757
604
449
345
8,451
2
Travel
Hotels and motor-hotels:
Restaurant sales index
same month 1967 =100..
Hotels: Average room salel
dollars..
Rooms occupied
% of total
Motor-hotels: Average room salel
dollars..
Rooms occupied
% of total
Foreign travel:
TJ S citizens* Arrivals©
thous
Departures©
do
Aliens* Arrivals©
do
Departures©
do
Passports issued
do
National parks, visits
.
do
117
25.02
62
19.38
67
8,540
8,306
5, 936
5,067
2,415
52, 857
18,050
8,177
6,176
5,326
2,334
60, 527
701
760
538
445
286
7,948
872
903
675
556
241
11,320
1,003
882
728
665
187
11, 445
653
706
543
483
161
5,845
658
632
472
480
131
4,597
606
599
430
398
119
2,596
514
624
457
418
118
3,716
5571
5545
5474
5426
183
1,829
493
514
367
307
194
2,196
585
565
442
338
285
2,491
mil $
do
do
do
do
mil
29, 013
13, 932
11,456
18, 468
5,310
127.9
32,075
15, 256
12, 688
20, 672
5,793
132.3
2,659
1,268
1,050
1,674
495
129.5
2,717
1,270
1,102
1,725
500
129.9
2,712
1,280
1,085
1,729
497
130.3
2,743
1.300
1,087
1,777
492
131.1
2,827
1,323
1,138
1,854
500
131.6
2,761
1,329
1,059
1,766
508
132.0
2,842
1,347
1,125
1,856
527
132.3
2, 853
1,350
1, 138
1,829
509
132.9
2,837
1,364
1,089
1,788
519
133.4
3,023
1,381
1,245
1,938
540
133.6
mil $
do
483.9
384.7
69.4
504.8
403.9
70.7
43.2
33.4
7.1
43.1
33.7
6.9
41.5
33.9
5.2
42.1
34.3
5.4
45.1
35.6
6.8
41.4
33.8
5.0
44.4
37.5
5.4
41.1
34.4
4.1
42.2
33.7
6.2
46.0
35.9
7.7
45.1
35.2
7.5
42.9
34.4
6.1
45.3
36.3
6.6
* 298. 7 p 4 315. g
4 205. 4 P 4 223. 5
477.4 P * 74. 6
26.0
18.5
6.0
26.7
19.0
6.2
25.5
18.1
5.9
*27.5
M8.9
47.1
428.7
419.8
47.3
425.2
418.4
45.2
426.6
420.4
45.1
427.0
420.1
45.0
426.4
419.8
45.2
429.6
421.4
4
6.6
428.5
421.3
45.5
28.3
21.5
5.3
30.0
21.1
7.5
263
12,069
COMMUNICATION
Telephone carriers:
Operating revenues Q
Station revenues
Tolls message
Operating expenses (excluding taxes)
Net operating income (after tnxes)
Phones in service end of period
Telegraph carriers:
Domestic:
Operating revenues
Operating expenses
Overseas, total:
Operating revenues
do
Operating expenses
do
e opera ng revenues (be ore axes)... o
..
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production:
Aluminum sulfate, commercial (17% AljOs) t
1,283
1,062
thous. sh. tons..
10, 753
9,023
Chlorine gas (100% ClaU
do
2,451
1,973
Hydrochloric acid (100% HC1)J
do
524
455
Phosphorus elemental
do
Sodium carbonate (soda ash), synthetic (58%
3,507
2,793
NajO)}
thous sh tons
9,268
Sodium hydroxide (100% NaOIDJ
do.... 11,189
770
655
Sodium silicate anhydrous
do
1,348
1,267
Sodium sulfate anhydrousi
do
Sodium trypoiyphosphato (100% NasPsOio)}
903
777
do
787
Titanium dioxide (composite and pure)t
do
603
Sulfur, native (Frasch) and recovered:
Production
thous. Ig. tons.. i 10,533 1 10,180
3,957
Stocks (producers') end of period
do
5,126
79
695
150
35
100
699
159
31
99
767
175
33
88
778
169
39
106
839
180
41
80
770
159
40
98
827
181
38
83
758
181
36
82
781
203
37
92
844
201
37
'99
'846
203
34
88
858
199
39
90
834
209
35
216
713
61
81
214
719
49
96
226
792
45
101
208
801
41
102
247
858
62
112
200
793
61
108
249
844
60
92
204
789
60
100
210
805
64
95
225
848
72
99
214
••867
'76
••117
219
864
63
105
209
846
64
100
60
48
57
50
68
57
67
63
72
62
61
52
62
52
60
57
62
61
65
73
'60
66
61
70
60
76
835
4,739
837
4,871
841
4,950
802
4,993
826
5,051
781
5,078
817
5,126
791
5,226
746
5,252
818
5,297
805
5,353
'820
'5,463
793
5,504
1,235
1, 251
1,360 1,264
1,349
596
568
489
559
536
157
154
171
170
150
165
541
608
581
569
155
159
192
162
153
635
662
502
573
543
T
2, 437 ' 2, 524 ' 2, 542 ' 2, 748 '2,842
1,439
610
185
624
162
657
1,342
558
150
588
147
615
2,575
1,241
546
156
581
141
603
2,557
1,362
559
148
631
149
664
2,834
1,446
635
(7)
661
195
702
2,875
' 1, 508
675
1,373
612
462
619
437
1,596
110
1,103
104
458
656
381
1,159
84
808
96
472
552
704
1,662
151
1,133
115
495
451
914
2,150
138
1,609
157
453
'496
388
1,401
97
962
166
Inorganic Fertilizer Materials
Production:
Ammonia, synthetic anhydroust
thous. sh. tons.. 15, 805
7,542
Ammonium nitrate, original solution^
do
i 2, 120
Ammonium sulfate i
do
8,120
Nitric acid (100% HNOs)t
do
2,243
Nitrogen solutions (100% N)£
do
7,213
Phosphoric acid (100% PzOs)^
do
' 34,177
Sulfuric acid (100% HjSO^l
do
Superphosphate and other phosphatic fertilizers
(100%Pj06):
Production,.
thous. sh. tons..
5,367
377
Stocks end of period
do
6,334
Potash, deliveries (KaO)...
do
120,156
Exports total 9
do
Nitrogenous materials
do
i 914
Phosphate materials
do
15,361
Potash materials
do
1,415
Imports:
Ammonium nitrate
do
369
Ammonium sulfate
do
258
Potassium chloride
do
7,146
Sodium nitrate.
do
150
15, 780
6,967
1,921
7,074
2,200
7,157
r 32,372
1,354
523
150
553
218
530
' 2, 400
5,396
541
5,079
19,611
1,397
13, 786
1,419
413
650
244
1,503
116
1,010
127
383
697
177
1,821
108
1,276
126
375
707
338
1,715
134
1,023
205
17
245
8
23
5
6
6
219
332
354
6,132
299
5
16
0
139
r
Revised.
P Preliminary.
* Annual total;
monthly revisions 4are not available.
3
3
For six months ending in month shown.
For month shown.
includes data for
Western
Union Int. Cable & Wireless as noted.
* See note 0.
« Restated 1st qtr. 1975.
7
Effective Apr. 1976, data are being withheld to avoid disclosure of figures from individual
companies.
ASee "A" note, p. S-24.
^Average daily rent per occupied room, not scheduled rates.
217-440 O - 76 - S-2
406
621
320
1,787
79
1,252
111
461
509
672
1,586
147
1,163
133
478
538
384
1,619
173
1,081
132
' 3, 113
505
541
470
1,639
142
1,205
79
605
'664
'205
80
614
'671
' 2, 781 2,471
406
513
'297
1,343
83
957
98
P550
64
40
23
17
12
35
32
15
14
12
45
59
21
106
47
65
18
20
15
14
526
245
507
564
943
828
510
526
746
418
14
14
9
33
0
4
0
2
0
7
9 Includes data not shown separately.
©Effective 1976, data are compiled by U.S. Dept. of Transportation from INS records
and refer to air travel; travel by sea is omitted (for 1973-75, average annual arrivals and departures by sea are as follows—units and order as above: 814; 784; 159; 129).
t Monthly revisions back to 1971 are available upon request.
SUEVEY OF CURKENT BUSINESS
S-26
1974
Unless otherwise stated in footnotes below* data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
| 1975
August 1976
1975
June
Annual
July
Aug.
Sept.
1976
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
j Apr.
1
May
June
July
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Industrial Gases t
Production:
Acetylene
mil. cu. ft_.
Carbon dioxide, liquid, gas, and solid
thous. sh. tons
Hydrogen (high and low purity)
mil. cu. ft..
Nitrogen (high and low purity)
do
Oxygen (high and low purity)
_
„ do__ ,
Organic Chemicals c?
Production:
Acetylsalicylic acid (aspirin)
,_ mil. Ib
Creosote oil
~
- w mil. gal
Ethyl acetate (85%)
mil. Ib
Formaldehyde (37% HCHO)
do
Glycerin refined all grades
_
do
Methanol synthetic
mil. gal
Phthalic anhydride
mil. Ib
r
7,808
6,623
539
567
592
728
552
590
635
582
588
601
617
605
626
1,766
75, 017
243, 612
389, 628
1,391
64, 959
236,248
3.50,789
127
5,214
18 688
27 014
133
5,485
19 453
26*895
138
5,857
19, 971
27, 558
127
5,967
20,245
29,854
129
6,137
20,436
29,018
103
5,386
19, 958
28, 390
109
6,344
21,551
28,341
138
6,397
22,445
30,024
145
6,165
22, 448
32, 107
164
7,337
24,496
33,618
154
7,064
23, 197
32, 367
160
r
6, 528
r
24,421
'34,679
167
6,605
23, 354
32, 811
2.2
7.6
59
372.7
18.8
76.5
64.2
2.3
5.9
11.1
356.7
17.3
80.5
52.6
2.4
7.5
11 1
384.3
22.1
64.6
64.9
1.9
8.3
10.8
430.1
19.5
61.6
68.0
2.0
7.9
9.8
495.4
22.9
65.6
73.6
2.2
6.3
14.3
399.4
25.7
73.5
65.0
1.8
6.7
14.1
431.7
27.0
78.7
78.1
2.1
6.0
11.9
357.8
27.3
71.5
68.4
2.4
5.5
12.1
451.8
23.8
67.4
65.3
2.3
7.5
15.7
503. 2
29.6
80.4
83.2
1.7
7.2
13.1
472.9
26.5
82.4
79.7
2.6
7.4
14.9
441.2
28 2
84.4
81.0
2.4
11.3
14.8
457.4
26.6
84.3
80.6
133.3
i 25.8
1 114. 6 i 117. 0
i 197. 6
i 124.3
15, 764.4 14,616.0
348.7
264.4
il, 035.9
i 779. 7
i 977. 1
i 708. 8
r
ALCOHOL:
Ethyl alcohol and spirits:
Production
618.2
460.0
73.8
100.6
526 3
391 3
77.7
106.1
39 1
29 6
6.8
116.7
41 3
29 7
6.4
114.1
40 i
29 7
6.3
115.2
39.6
43.8
7.1
107.0
53.8
37.8
7.6
96.7
46.4
30.0
6.3
103.1
47.9
39.8
7.5
106.1
41 6
35.2
5.5
102.6
36.2
29.9
5.2
105.6
44 0
38 0
7.3
101.8
39 3
35 0
5 9
96.5
36 0
40.0
6.2
95.7
254.8
254.9
2.8
207.3
207.1
2 7
15.6
15.8
2.0
16.8
16.5
2.3
16.1
16.4
2.1
18.9
18.8
2.2
20.3
20.3
2.2
16.2
16.3
2.1
21.6
20.4
2.7
19.1
19.4
2.5
16.2
15.9
2.8
20.2
20.2
3.4:
19.0
19.5
2.9
17.2
17.5
2.6
ij 5gg 4
18 826.4
12, 248.7
15 059 6
!4 744.0
i 1 277.5
17,260.8
1
1,917. 6
i 3,834.1
i 3,816.1
101.8
542. 8
164.8
307.1
315.8
98.9
569.1
158.7
294.5
316.6
109.0
633.5
188.8
347.3
335.9
124.2
680.0
189.6
419. 9
322.3
138.3
711.5
204.5
420.3
374.0
111.6
693.6
192.3
389.9
371.0
108.6
765.3
185.2
378.2
362.3
123.2
680.4
164.1
330.4
373.5
120.3
704.9
177.6
412.7
358.1
143 0
784.8
216. 5
490.7
380.0
135 9
720.5
226.5
509.2
388.0
125.4
778.5
243.8
548.8
440.2
2 152 g 2 325 7
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil. $.. 3, 672. 3 4, 026. 6
1, 870. 5 2, 079. 0
Trade products
do
1, 801. 7 1,947.6
Industrial
finishes
do
610 5
373.4
2G6.7
166.7
387.1
209.7
177.4
384.6
197.5
187.1
364.0
175.6
188.3
318.2
159.7
158.6
305.0
142.2
162.8
361.0
175.4
185.6
' 419. 1
r 227. 7
191.5
434.0
242.4
191.6
Taxable withdrawals
Stocks end of period
Denatured alcohol:
Production
Consumption (withdrawals)
Stocks end of period
mil tax gal
do
do
mil wine gal
do
do
PLASTICS AND RESIN MATERIALS
Production:
Polyethylene and copolymers
Polypropylene
do
do
Poly vinyl chloride and copolymers
do
133.0
765.1
236.4
578.9
401.8
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly
391.6
216.2
175.4
589.2
591.1
276.0
124.9
151.1
656.5
525.7
396.2
195.6
200.6
480. 6
266.1
214.4
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and Industrial), total
mil. kw.-hr_. 1, 967, 288
Elpctrlc utilities total
By fuels
.'
y
do
do
P
By fuels
By waterpower
do
-do __.
..do
do
vJtner puoi c auin r lies
a
6,855
6,559
296
102,442
98, 905
3,537
Sales to ultimate customers, total (Edison Electric
Institute)
mil kw -hr 1,700,769
Commercial and industrial:
392, 716
689, 435
Railways and railroads
Residential or domestic
167,782 183, 860 186, 641 162, 083
1, 864. 846 1 909 108 160,927
1,564,431 1, 609, 467 133,843
300,415 299, 641 27, 083
177,085 179,533 155,073 154, 748 152, 334 168, 654 177, 873 156, 811 164, 152 153, 172 157, 460
151,234 156,810 134,574 132, 133 127, 938 142, 709 151, 780 132, 328 137, 646 128, 915 131, 761
25,851 22,723 20,499 22, 615 24, 396 25, 945 26, 093 24, 483 26, 506 24, 257 25, 699
6,776
6,518
258
7,108
6,875
232
7,010
6,776
234
1,733,024 141,801 150, 637 157, 013 154, 635 142, 409 140, 141 146, 913 158, 078 152, 998 147, 793 143, 317
418, 069
661, 558
35, 703
5-1, 843
38, 400
54, 335
39, 395
56,551
38, 276
57, 555
34, 655
57, 512
33, 483
56, 923
34, 288
56, 230
36, 288
56, 473
35, 357
57,114
34, 071
59, 105
33, 507
58, 930
4,258
554, 960
4,272
586,149
319
45, 741
344
52, 275
326
55, 311
333
53, 057
351
44, 430
338
43, 870
389
50,442
408
59, 083
404
54, 549
379
48, 656
334
45,365
13, 314
40, 721
5,366
13, 907
43, 625
5,443
1,022
3,691
482
1,075
3,716
492
1,077
3, 857
498
1,124
3,798
493
1,201
3,772
488
1,294
3,749
485
1,310
3,761
493
1,328
3,979
519
1,201
3,887
477
1,201
3,847
534
1,139
3,540
501
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil $ 39, 126. 8
46,853.5 3,832.4 4, 187. 2 4, 366. 8 4, 294. 4 3, 974. 4 3, 855". 3 4, 043. 9 4, 349. 5 4,245.5 4, 143. 9 4, 028. 7
GAS
Total utility gas, quarterly
(American Gas Association):
Residential
Commercial
Industrial
Other
Seles to customers, total
Residential. __
Commercial
Industrial
Other
Revenue from sales to customers, total
44,734
45, 007
44, 552
44,400
45,007
45, 243
.do
do
do
do
41, 034
3,446
196
58
41, 336
3,421
191
58
40, 932
3,375
190
54
40, 811
3,349
186
54
41,336
3,421
191
58
41,530
3,470
187
55
tril. Btu..
16,000
14, 882
3,546
2,790
3,567
4,956
do
do
do
do
4, 865
2,293
8, 153
689
4,977
2,346
6,888
670
1,150
534
1,728
133
468
296
1,854
172
1,170
566
2, 145
937
1,686
188
19, 205
4,560
3,374
5,000
7,670
2,012
752
1,682
113
979
435
1,784
176
2,144
884
3,853
1,508
mil. $_.
15,360
8,441
6,899
3,315
2,539
6,849
5,509
601
413
l
'Revised.
Reported annual total; revisions are not distributed to the monthly data.
§Data are not wholly comparable on a year to year basis because of changes from one
classification to another.
o"Data are reported on the basis of 100 percent content of the
Residential
Commercial
Industrial
Other
do...
do
do
do._
179
149
specified material unless otherwise indicated,
able upon request.
204
J Monthly revisions back to 1973 are avail-
SURVEY OF CURRENT BUSINESS
August 1976
1975
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
Annual
S-27
1975
June
July
Aug.
Sept.
1976
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES 9
Beer:
Production
mil. bbl__
Taxable withdrawals
do_ __
Stocks end of period
do
Distilled spirits (total):
Production
mil. tax gal._
Consumption, apparent, for beverage purposes
mil. wine gal-Taxable withdrawals.
mil. tax gal. _
Stocks end of period
- - do_ __
Imports
mil. proof gal. _
Whisky:
Production
- mil. tax galTaxable withdrawals
do_ __
Stocks end of period
_
do__ .
Imports
- mil. proof gal. .
156. 20
145. 46
12.58
160. 52
148. 58
12.74
162. 55
15.76
14.44
14.30
16.00
14.69
14.36
14.72
13.88
14. 18
13.34
12.51
13.98
12.35
11.90
13.48
11.22
10.61
13.20
12.15
11.59
12.74
12.44
10.86
13.38
11.89
11.00
13.33
11.86
13.69
10.99 ' 12. 86
13.31
13.06
15.18
13 58
13.53
12.80
144. 23
10.81
7.57
6.31
11.83
18.85
16.97
16.24
13.09
15.71
14.80
13.60
417.22 i 423. 31
221.77
229. 43
875. 75
793. 87
113.46
110. 98
35.80
20.28
830. 03
9.01
33.38
17.08
822. 39
8.67
32.15
18.29
811.02
7.48
32.34
20.59
802. 92
8.71
36.86
23.91
797. 38
12.72
39.55
20.72
794. 63
11.75
53.11
18.94
793. 87
12.59
30.21
17.56
787. 91
7.98
28.09 35.67
15.55 20.85
790. 63 782. 36
7.27
8.80
33.01
15. 59
779. 60
8.64
16.53
782 23
8.66
9.60
60.07
140. 82
737. 39
94.98
4.10
11.75
776. 47
7.50
2.42
10 04
770 97
7.39
1.22
10 87
760. 46
6.05
5.41
12.81
752. 70
7.13
8.82
15.78
744. 94
10.83
7.87
13.22
739. 59
10.01
8.06
11.19
737. 39
10.70
6.45
10.10
733. 65
6.71
6.60
8.85
731. 23
6.03
8.56
12.40
727. 36
7.09
9.08
8.93
727. 82
7.08
7.69
9 70
725 85
7.10
7.80
10.26
4.36
8.48
3.54
8.18
3.22
10.08
3.98
11.38
4.96
9.71
4.48
9.51
3.58
7.29
2.87
7.60
3.31
10.36
4.41
7.83
2.84
8.62
3.56
1.26
.95
8 54
13
1.89
1.32
9 03
.19
1.39
1.05
9 29
.20
.20
.20
9.26
7 56
21 46 30 39
414. 11 388. 19
5. 18
3 31
8.98
23 31
370.04
4.61
4.46
5.01
1
75.15
137. 04
822. 11
93.92
Rectified spirits and wines, production, total
mil. proof gal. _
Whisky
do
Wines and distilling materials:
Effervescent wines:
Production
mil. wine gal-Taxable withdrawals
__do
Stocks end of period
do
Imports
_ - _ _ - _ do, __
Still wines:
Production
__do_ __
Taxable withdrawals
do
Stocks, end of period
do
Imports
- do
18.84
18.03
8.12
1.80
19.37
18.46
7.91
1.93
.86
1.52
8.95
.13
1.51
.91
9.49
.08
2.14
1.05
10 45
.10
1.58
1.42
10.52
.14
1.84
2.85
9.42
.22
2.00
2.61
8.75
.30
2.05
2.61
7.91
.35
1.57
1.12
8.30
.18
401. 45
280. 04
451. 59
2 49. 58
384. 73
300. 18
451. 77
47.39
7.78
25.13
325. 14
3.98
8.97
22.40
306. 45
3.91
8 97
21 69
287. 46
3.83
62.87
24 32
319. 58
3.44
162. 20
29.97
440.94
3.91
70.10
26 66
473. 10
5.28
21.41
27.86
451. 77
5.34
9.04
24 13
429. 85
4.68
Distilling materials produced at wineries. __ do
354. 30
338. 20
3.87
6.12
13.24
80.01
143. 25
38.40
24.37
9.74
7 33
6.41
5.14
961.7
49.2
.674
980.5
10.9
.818
88.0
99.6
.706
69.4
97.8
.788
57 7
78 9
.863
57 5
39 6
.900
68.3
27.1
.950
63 9
15 1
1.042
84.0
10.9
1. 095
94 3
9.3
.878
85 4
16 5
.824
89 3
31 2
.881
87 6
44 5
.918
94 0
69 1
.921
84 0
82 0
.974
2,937.4
1,858.6
2,811.2
1,654.5
275.0
169.4
249.2
150.1
226 9
131.8
214 8
116.5
220 2
120.0
208 7
115.5
242 0
134.8
249 0
149.3
241 2
149 7
275 0
165.8
297 0
187.2
313 6
204.1
320 0
207.3
494.0
367.8
473.7
Stocks, cold storage, end of period
_.do
477.1
447 9
307.0
408.9
420.8
412.9
American whole milk
do
386 6
179.5
'9.6
315.6
13.4
Imports
- - do
10 8
Price, wholesale, American, single daisies (Chi1.006
.973
1.044
cago)
$ per lb_.
1.030
1.064
Condensed and evaporated milk:
1,035.2
99.4
953.8
90.0
Production case goodscft
mil. Ib
79 1
Stocks, manufacturers', case goods, end of month
104.0
79.2
58.6
114 7
or ycarcf
mil. Ib
105 5
Exports:
.1
1.8
1.6
(5)
Condensed (sweetened).
do
(5)
3.9
4.3
40.7
51.6
4.7
Evaporated (unsweetened)
do
Fluid milk:
9,967
115,553 115,458 10,435
9,588
Production on farmst
- -do
5,291 4,687
59, 857 59, 219
5,904
Utilization in mfd. dairy products^ _ _ _ _ do
'8.25 '8.64
'8.75 '7.99
8.33
Price, wholesale, U.S. average}
$ per 100 lb-_
Dry milk:
Production:
5.3
63.1
8.2
67.7
Dry whole milk J
mil. Ib
5.4
92.7
1,019. 9
Nonfat dry milk (human food)J
do
994.0
121.9
69.1
Stocks, manufacturers', end of period:
6.4
6.7
5.6
7.1
Dry whole milk
do
7.3
91.9
134.6
47.1
111.7
Nonfat dry milk (human food)
do
70.3
Exports:
35.5
45.2
2.4
Dry whole milk _
do
3.3
3.4
13.4
10.7
90.6
6.7
Nonfat dry milk (human food) ___ _ . _ do. _
.3
Price, manufacturers' average selling, nonfat dry
.586
.633
.607
.607
milk (human food)
$ per Ib
620
GRAIN AND GRAIN PRODUCTS
163.2
Exports (barley, corn, oats, rye, wheat), .mil. bti_ 2, 220. 3 2, 528. 4
173.9
204.1
Barley:
3 304. 1 3 383. 0
Production (crop estimate)
_
do
4
228.0
75.1
Stocks (domestic), end of period
do
275.5
4
On farms
_._
do
125.2
162.0
29.5
4
Off farms_
do
45.6
102.7
113.5
Exports, including malt§
do
1.0
56.7
31 8
20
10
Prices, wholesale (Minneapolis):
No. 2, malting
$ per bu__
3.80
3.53
3.63
3.51
3.64
No. 3, straightdo
3.60
3.40
3.38
3 32
3 44
Corn:
3
3
Production (crop estimate, grain only) mil bu
4 663.6 5 767 0
Stocks (domestic), end of period, total
do
3, 620. 7 4,431.3 1,149.7
O n farms. _ _ _ _ _
d o
2, 540. 7 3,162.0
804.0
Off farms
do
345,7
1, 080. 0 1,269.4
Exports, including meal and
flour
do
81.6 ""69." 2~ ~~~89.~2~
1 180 8 1 321 8
Prices, wholesale:
3.04
3.13
No. 3. yellow (Chicago)
$ per bu
3.22
2.92
2.91
Weighted avg., selected markets, all grades
3.15
2.93
3.14
2.86
do
2.88
Oats:
Production (crop estimate) __
mil. bu
3 613. 8 3 656.9 4
Stocks (domestic), end of period, total
do
506 6
501 1 4 185 7
On farms
_
do
384 1
407 0 4120 4
Off farms
do
65. 3
122.5
94 1
.4
.5
Exports, including oatmeal _ _
do
.7
15.5
30 0
Price, wholesale, No. 2, white (Minneapolis)
1.69
1.56
1.66
1.67
1.63
$ per bu..
'2 Revised.
* Preliminary.
1 Includes Hawaii; no monthly data
available for Hawaii.
3
Annual
total reflects revisions not distributed to the months.
Crop estimate for the
4
year.
Previous year's crop; new crop not
reported
until
beginning
of new 6crop year
5
(July for barley and oats; Oct. for corn).
Less than 50 thousand pounds.
Previous
421.2
359 9
15 2
388.3
328 6
19.7
379.2
321 2
31 3
367.8
307.0
28.8
362.4
303.2
11.9
365 9
305 9
10 1
371.1
312 6
15.5
393.0
333.8
12.0
435.7
375 7
11.7
479.9
418.3
14.4
1.119
1.164
1.169
1.192
1.182
1.082
1.138
1.166
1.146
1.153
71 o
67 9
65 7
80.3
76.2
73 3
86 6
94 9
89.5
97.7
96 6
70 9
63 9
58.6
44.5
49 6
57 4
76 8
104 3
125.9
.1
.4
.1
.1
4.2
.2
3.9
.1
4.2
.2
4.4
.6
3.7
.6
5.1
9,173
8 823
4,315
3 938
'9.70 '10.00
9,284
4,665
10.30
9,545
4,975
10.20
9 248
4,830
9.79
10, 250
5,495
9.72
10, 450
5,714
9.37
11,184
6,085
9.23
10, 865
6,176
'9.11
118. 67 ' 113. 09
47.32
53.38
DAIRY PRODUCTS
Butter, creamery:
Production (factory) J
Stocks cold storage end of period
Price, wholesale, 92-score (N.Y.)_.
Cheese:
Production (factory) total J
American, whole milkj
mil. Ib
do
$ per lb__
mil Ib
__do
(5)
9,068
4,265
r Q 25
4
4
4
4.2
50.1
5.3
45.5
54
49 5
7.0
66.8
7.4
67 0
67
71 1
6.5
78 4
7.4
87 6
9.8
104.9
8.0
108.9
6.2
48.6
4.4
36.0
36
36 9
5.6
47.1
8 7
43.3
11 0
49 8
7 4
55.5
91
73.8
10.4
96.9
10.6
120.1
2.8
.6
3.6
.2
27
2
2.9
.2
2.2
.2
32
5
4.4
.2
4.0
.1
2.6
2.9
2.4
1.2
.646
.689
705
.705
659
643
635
631
.628
205.5
264.6
289 2
254.2
231.9
210.7
209.3
246.2
231.8
1i
3
3.04
2 97
2.96
2 78
342.3
215.3
127.0
.4
3.3
14
275 5
162.0
113 5
50
3.81
3.67
3.71
3.57
3.42
3.26
3.22
3.05
359. 4
191.3
168. 2
75.3
133." 6
4, 431. 3
3 162 0
1, 269. 4
165.6
153 1
137 9
184
98
86
2
14
64 3
47
15
3.00
2 98
2.94
2 78
3.03
2.94
*3.37
P 3.36
2.97
2.69
2.76
2.63
2.66
2.74
2.95
2.73
2.58
2.57
2.63
2.63
2.70
2.9
501 1
407 0
94 1
25
4
322 0
251 9
70 1
.1
P9.28
^3.40
*>3 29
8 Q 137 o
7
1, 856.5
7
17 276.7
2.66
10 448
8340.5
67
127 4
67
63. 1
67
164 6
1.200
233.6
6
3
4
2
2,811.8
1 899.4
912.4
129 4
136 8
1.084
579. 8
153.4 ~~160~6'
2.80
^2.87
8
626.8
496.1
130.8
1.9
2.8
3
e 72Q7 4
67
161 6
67
45. 8
.6
1.8
548. 5
.4
1.59
1.63
1.67
"1.92 pl.86
1.62
1.62
1.67
1.68
1.65
1.71
7
year's crop;8 new crop not reported until June (beginning of crop year).
Stocks as of
June 1.
Aug. 1 estimate of 1976 crop.
d"Condensed milk included with evaporated
to avoid disclosing operations of individual firms.
§Excludes pearl barley.
9 Scattered
monthly revisions
back to 1973 are available.
}Revised monthly data back to 1973 are
c
available.
Corrected.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
1975
August 1976
1976
1975
Annual
June
July
Sept.
Aug.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
July
June
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Rice:
Production (crop estimate)
mil. bags?..
California mills:
Receipts domestic rough
mil. Ib
Shipments from mills, milled
rice
do
Stocks, rough and cleaned (cleaned basis), end
of period
mil. Ib
110.2
U12.4
i 127. 6
1,925
1,359
2,346
1,705
281
241
158
113
64
61
85
63
377
121
201
119
135
138
67
68
48
40
192
7,047
4,816
8,461
5,312
92
357
117
240
945
304
2,462
411
1,788
3,801
2,150
4,711
429
555
268
248
606
226
.252
.190
.195
.195
i 19.3
12.0
2.99
117.9
9.5
2.78
25.8
2.47
2.58
11,796
1406
11,390
1,620
i 2, 134
1483
11,651
1,860
r 7232
»- 674
Stocks (domestic), end of period, total
On farms
Off farms
do
1, 107. 5
do
446.4
do. _.
661.2
1,384.5
546.5
838.0
326.6
132.3
194.3
, 891. 1
762.1
1 129.0
Exports total including
Wheat only
do
do
944.0
919.4
1, 158. 2
1, 134. 5
79.8
77.2
102.2
99.7
113.5
111.2
127.2
125.5
5.24
4.74
4.60
3.96
4.25
3.40
4.66
4.01
4.88
4.31
4.99
4.36
5.53
4.84
4.39
4.69
5.08
247, 080
4,485
555, 891
19, 631
361
44,375
21,156
384
47,430
3,907
10, 178
4,434
1,119
1,084
10. 552
9.365
9.550
8.088
2,355
33,319
3,894
36, 904
41.89
36.49
46.19
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. lb__
Shipments from mills milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis) end of period
mil. Ib
Exports
do _
Price, wholesale, No. 2, medium grain (Southwest Louisiana)
$perlb_.
Rye:
Production (crop estimate)
mil. bu
Stocks (domestic) end of period
do
Price, wholesale, No. 2 ( Minneapolis) ..$ per bu_.
Wheat:
Production (crop estimate), total
Spring wheat
Winter wheat
Distribution quarterly cf
flour
mil. bu__
do
do _
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu._
No. 2, hd. and dk. hd. winter (Kans. City).do._._
Weighted avg., selected markets, all grades
$ per bu
112
155
102
87
130
48
147
144
225
84
305
179
194
147
212
138
116
162
118
197
233
215
1,548
512
644
411
368
428
378
382
358
407
489
378
641
515
310
450
107
405
1,804
164
2,313
306
2,343
249
2,150
397
2,010
340
1,868
275
1,807
299
1,771
264
1,241
384
858
348
.195
.168
.168
.170
.178
.155
.155
.135
.130
.155
.155
.155
2.97
15.7
3.08
2.98
2.83
9.5
2.72
2.76
2.84
6.0
2.89
2.85
*64.5
2.95
P3.28
»3.21
7
-
508
'448
,384. 5
546.5
838.0
935.5
341.4
594.1
517.4
7271
2,096
5553
51,543
6664.7
4 6 234.5
46430.3
119.2
117.8
93.6
92.3
92.6
91.6
73.3
72.4
77.6
76.4
79.5
76.8
71.9
67.8
71.7
66.7
4.81
4.29
4.57
3.92
4.32
3.79
4.34
3.81
4.57
4.08
4.58
4.01
4.38
3.74
4.53
3.76
v 4.57
v 3.85
5.01
5.10
4.64
4.29
4.35
4.51
4.49
4.21
4.28
P4.29
21,705
398
49,017
22,681
409
51,162
24,129
432
54,067
20, 113
360
45, 241
20,532
368
46,000
21,034
374
47,204
19,891
352
44, 674
21,771
385
48,845
21,113 «• 20,871
'369
370
47, 192 r 48,979
20,964
376
51, 624
999
4,140
753
735
588
3,907
555
423
379
4,510
525
1,149
1,789
3,867
2,184
10. 213
8.938
10. 513
9.363
11. 238
10. 213
11.163
10.113
10. 675
9.650
10. 150
8.988
10. 150
8.963
10. 213
9.350
10.713
9.563
10. 250
9.063
10. 075
8.713
10. 350
8.838
276
2,898
344
3,085
345
3,141
385
3,319
443
3,584
357
3,116
381
3,267
369
3,403
327
3,032
415
3,492
353
3,053
304
2,980
340
3,294
44.61
33.42
3 34. 38
51.82
35.30
31.50
50.21
32.53
46.80
32.93
28.50
48.91
35.98
47.90
36.74
45.23
36.77
30.00
45.01
36.87
41.18
36.66
38.80
36.95
36.14
38.82
43.12
43.49
40. 62
42.38
40.52
40.21
61.25
77,071
64, 926
5,077
4,657
4,627
5,217
5,379
5,085
5,508
5,400
4,873
6,325
5,827
5,086
5,146
34.75
48.30
50.28
55.70
56.80
61.19
58.76
49.78
48.36
48.23
48.92
46.76
48.06
48.96
50.91
46.62
12.2
17.0
17.7
19.8
19.0
21.2
22.3
21.1
20.0
19.5
19.3
18.2
19.1
18.2
17.9
16.9
8,556
7, 552
fit A.
635
621
758
701
515
584
582
513
570
561
429
502
39.76
44.42
46.12
45.00
41.00
44.12
44.00
45.00
48.13
49.33
47.75
51.25
60.75
63.88
50.50
36, 329
34, 583
2,704
2,697
2,717
2,942
3,164
2,846
3,011
3,128
2,780
3,399
3,009
2,841
3,04
803
714
1,634
675
864
1,694
65
64
13
578
70
148
518
77
149
518
73
157
571
76
135
668
79
168
675
82
112
672
85
175
677
93
117
727
114
173
752
99
158
765
119
170
73
109
18
21,221
415
53
1,191
22, 120
360
46
1,304
1,73
29
1,802
277
1,941
2,126
281
1,842
330
2,072
362
2,193
40;
113
1,868
416
i
136
2,05
41(
10
1,841
267
3
122
.849
.801
Wheat flour:
Production:
Flour
thous sacks (100 Ib.)
242, 157
Offal
thous sh tons
4,323
Grindings of wheat
thous bu
542, 904
Stocks held by mills, end of period
thous. sacks (100 lb.)-.
4,499
Exports
do
10, 563
Prices, wholesale:
Spring, standard patent (Minneapolis)
SperlOOlb-. 11. 887
Winter hard 95% patent (Kans City) do
11. 059
125.3
123.6
j>427
^369
10. 288
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous animals
Cattle
__do
Prices, wholesale:
Beef steers (Omaha)
$per!001b.
Steers, stocker and feeder (Kansas City)_.do___
Calves, vealers (Natl. Stockyards, Ill.)-_do-_Hogs:
Slaughter (federally inspected). .-thous. animalsPrices:
Wholesale, average, all grades (Sioux City)
$ per 100 Ib.
Hog-corn price ratio (bu. of corn equal in value
to 100 Ib live hog)
Sheep and lambs:
Slaughter (federally inspected). __thous. animalsPrice, wholesale, lambs, average (Omaha)
SperlOOlb.
37.92
37.58
57.75
45.75
MEATS
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter t mil. lb.
Stocks (excluding lard), cold storage, end o
period
mil. lb.
Exports (meat and meat preparations)
do-._
Im ports (meat and meat preparations)
do _
Beef and veal:
Production, inspected slaughter t
do
Stocks, cold storage, end of period
do...
Exports__
do _
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choic
(600-700 Ibs ) (East Coast)
$ per Ib
Lamb and mutton:
Production, inspected slaughter
Stocks, cold storage, end of period
Pork (including
slaughter
lard),
mil. lb.
do._.
production, inspected
mil. Ib
.691
.754
.88
440
14
386
12
3
3
31
10
845
86
94
12,07
14. 668
rted
not
repo
crop
r Revised.
1 Crop estimate for the year.3
2 Previous ye w's crop; ilew
4
r
Preuntil July (beginning of new crop year) .
Average for Jan.- June, Aug ., and ]X ov.
* A ug 1
g of new crop year ).
vious year's crop; new crop
not reported until June (beginnin
8
7
?s of
9Bai
is
page.
'
note,
th
estimate of 1976 crop.
Stocks as of June 1.
See "cf
1,922
36
126
91
133
7
132
1,848
372
6
88
138
1,898
411
6
125
.824
.791
.764
.75
.700
.651
.603
.693
.667
.65
38
1
36
11
27
12
3
1
32
11
28
11
32
30
10
22
11
2
1
9fi9
141
.612
96
95
1,080
1,174
903
1,024
1,05
1,00
977
963
cfData
JS mattered monthly revision,5 back to 1973 are availabl 3 upon r(jquest.
100 It>s.
are q uarterly except 1 hat begi nning 1975, June figures cover A; Dr. -May and Sep t. covers
June--Sept.
SURVEY OF CUREENT BUSINESS
August 1976
Unlesa otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1976
1975
1975
Annual
S-29
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
MEATS— Continued
Pork (excluding lard) :
Production inspected slaughter
mil Ib
Stocks, cold storage, end of period
do
Exports
do
Imports
do
Prices, wholesale:
Hams, smoked composite
$perlb
Fresh loins, 8-14 Ib. average (New York). _do
12,856
307
104
362
10,733
249
207
327
842
284
19
23
772
230
23
28
755
186
22
20
861
190
19
26
896
222
17
30
864
269
19
28
943
249
22
27
906
236
17
36
811
222
27
23
1,049
248
38
28
963
267
22
27
842
270
36
27
860
240
23
28
2.678
.786
.882
.993
.801
.994
.859
1.122
.953
1.079
.974
1.174
1.103
1.177
1.060
1.134
1.109
1.016
.905
1.069
.840
1.028
.861
.986
.846
.980
.891
1.057
.885
1.106
10,706
10, 434
884
967
942
978
1,067
834
914
857
758
912
897
910
1,077
470
328
542
410
600
472
406
286
314
195
300
187
269
160
250
140
236
115
235
120
'305
'178
395
252
.265
1.109
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. Ib
Stocks, cold storage (frozen) , end of period, total
mil. lb_.
Turkeys
do
Price, in Georgia producing area, live broilers
$perlb_.
Eggs:
Production on farmst-.
mil. cases O
Stocks, cold storage, end of period:
Shell
thous. casesO..
Frozen. .
.._
_ mil. Ib
Price, wholesale, large (delivered; Chicago)
$ per doz..
456
275
314
195
345
193
392
249
.211
.269
.290
.310
.305
.300
.290
.280
.250
.240
.255
.255
.240
.250
.245
183.6
178.8
14.5
15.0
15.0
14.6
15.1
14.8
15.2
15.3
14.4
15.4
14.8
15.1
14.6
36
54
22
36
82
48
84
52
80
52
72
51
55
47
40
42
22
36
13
32
21
29
26
29
26
29
22
29
'25
30
60
31
.598
.594
.517
. 539
.597
.633
.591
.668
.738
.709
.642
.595
.586
607
.609
.654
Cocoa (cacao) beans:
Imports (incl. shells)
thous. Ig. tons
Price, wholesale, Accra (New York)
$ per l b _ _
221.1
.982
233.0
.759
18.7
.625
16.6
.730
12.5
.780
17.4
.775
21.5
.775
18.6
.685
33.0
.760
33.9
.735
16.4
.755
28.8
.740
22.4
.883
21.4
.935
19.5
1.075
Coffee (green):
Inventories (roasters', Importers', dealers'), end
of period
thous. bagsd*.Roastings (green weight)
do
3,003
18, 569
3,556
18, 551
2,872
4,469
Imports, total
...
do
From Brazil
do
Price, wholesale, Santos, No. 4 (N.Y.)~$ per Ib
Confectionery, manufacturers' sales
mil. $_.
19,248
2,725
.702
2,771
20,289
3,748
i .678
2,830
1,736
473
1,626
418
1,868
391
2,533
543
1,784
123
1,587
141
1,299
195
1,664
294
1,744
146
2,311
176
1,636
183
1,546
159
1,864
272
183
168
245
300
316
251
241
259
270
277
238
'196
193
mil. lb_.
433
356
296
307
307
314
335
351
356
333
309
308
294
'290
293
Sugar (United States):
Deliveries and supply (raw basis) :§
Production and receipts:
Production
thous. sh. tons..
Entries frotn off-shore total 9
do ..
Hawaii and Puerto Rico
do
4,620
6,895
1,150
5,153
(5)
(5)
107
92
119
164
789
1,138
1,263
862
481
321
249
208
do
do
do
11, 273
11, 237
2,800
10, 133
9,980
2,712
961
932
1,946
1,205
1,174
1,275
1,005
996
1,032
936
930
958
916
909
1,415
767
759
2,088
883
875
2,712
769
760
3,171
778
774
3,201
980
970
2,933
881
'928
875
••928
2,778 ' 2, 569
sh tons
62, 734
205, 989
27,288
48, 067
17, 501
27, 250
20, 814
C,707
8,789
5,972
7,860
6,797
3,628
2,610
6,706
3 5, 774
1,414
(«)
3,690
415
148
450
0
3
403
0
1
289
28
1
596
75
9
432
118
33
201
21
61
225
2
24
220
0
4
287
28
32
253
30
5
382
24
47
288
93
32
416
49
17
MISCELLANEOUS FOOD PRODUCTS
Fish:
Stocks, cold storage, end of period \
Deliveries, total 9
For domestic consumption
Stocks, raw and ref., end of period
Exports, raw and refined
Imports:
Raw sugar, total9.._
From the Philippines
Refined sugar, total
-thous. sh. tons..
do
do
Prices (New York):
Raw, wholesale
Refined:
Retail (Incl. N.E . New Jersey)
Wholesale (excl. excise tax)..
Tea, imports
,.
3,604
' 5, 612
3,556
4 626
3,851
4,743
3, 670
5,007
"994
^994
P2, 262
$ per lb_.
.289
.229
.148
.194
.225
.175
.152
.155
.156
.154
.150
.164
.156
.167
.144
$ per 5 Ib. .
.-$perlb_.
1.680
.320
1.986
.311
1.650
.259
1.470
.268
1.726
.283
1.611
.232
1.574
.205
1.419
.207
1.383
.194
1.347
.209
1.352
.203
1.317
.221
1.336
.210
1.325
.222
1.343
.197
17, 594
13, 940
11,843
11, 842
12, 309
15,779
15, 805
13, 053
13,893
_thous. Ib.. 3178,326
159, 287
12, 170
9,915
11, 276
12, 404
3, 712. 6
124.7
268.9
113.7
285.1
103.0
299.6
88.7
331.2
93.0
402.8
100.2
337.1
105.6
332.3
124.7
331.2
114.5
307.6
119.7
349.2
110.4
327.6 '310.7
123.5
128.1
321.1
117.9
3, 964. 3
90.8
326.3
76.9
345.4
79.4
344.2
71.8
330.4
73.3
368.7
89.1
326.2
104.5
324.5
90.8
341.9
87.0
328.7
104.4
392. 2
99.8
356.7 ' 381. 1
114.5 ' 116. 6
384.8
105.3
2, 399. 3
60.1
180.6
63.6
173.7
66.6
178.7
52.6
216.6
58.6
212.8
60.2
219.7
64.8
241.6
60.1
265.1
66.9
259.6
82.1
225.8
101.1
198.8
70.2
' 190. 5
'71.4
195.9
71.5
.525
.494
.486
.486
.503
.490
.490
.490
.448
.436
.431
.431
.431
.431
36.2
49.6
23.9
42.1
57.2
24.5
37.7
43.2
33.4
42.6
45.3
37.8
43.1
49.6
38.1
41.6
50.3
43.0
51.3
56.0
44.6
44.3
50.1
45.8
'41.5
'49.2
'41.2
44.5
51.6
45.3
.204
FATS, OILS, AND RELATED PRODUCTS
Baking or frying fats (Incl. shortening):
Production!
mil. lb_. 3, 702. 8
Stocks, end of period©
do
134.1
Salad or cooking oils:
4, 110. 6
Production J
do
96.5
Stocks, end of period©
do__
Margarine:
Production
do
2, 397. 7
64.3
Stocks, end of period©
.
... __ do__
Price, wholesale (colored; mfr. to wholesaler or
.512
large retailer; delivered)
$ per lb__
'"Animal and fish fats:
Tallow, edible:
575.8
35.3
512.9
34.6
33.8
Production (quantities rendered)
mil. lb_.
665.0
44.3
Consumption in end products
do
44.8
649.7
46.1
33.4
22.2
24.2
Stocks, end of period 1
do
22.1
37.8
Tallow and grease (except wool), inedible:
5, 526. 6 4, 651. 5
347.2
358. 3 354.5
Production (quantities rendered)
do
3, 029. 2 2, 908. 4
236.2
239.6
Consumption in end products! __. _
do._
230.7
380.3
242.5
256.2
257.4
Stocks, end of period f
do
276.6
l
2
' Revised.
J> Preliminary.
Average for Jan. and Feb. 4 Average for 7 mos.
(June-Dec.).
3 Reflects revisions not available by months.
Less than 500 sh. tons.
5
Series discontinued.
O Cases of 30 dozen.
cf Bags of 132.276 Ib.
§Monthly data reflect cumulative revisions
363.9
397.3 350.5 420.6
249.4
250.7
277.1 228.3
276.6
288.1
283.2
308.0
for prior periods.
9Includes
ducers' and warehouse stocks.
for 1974 are available.
.437
455.5
439.8 ' 463. 1 503.0
442.5
410.2
259.4
280.1
257.2
271.0 ' 303. 6 309.1
282.2 306.6 324.0 '328.7 316.0
275.1
data not shown separately: see also note "§".
©Prot Factory and warehouse stocks.
} Monthly revisions
SURVEY OF CURRENT BUSINESS
S-30
1974 | 1975
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
Annual
August 1976
1976
1975
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS- Continued
Vegetable oils and related products:
Coconut oil:
Production refined
Consumption in end products
Stocks, refined, end of period^
Imports
mil Ib
do
do..
do
540.1
726.0
26.6
542.3
716.1
865.3
26.7
869.1
60 0
71 8
26.9
27 6
59 3
61 8
29.4
38 2
61.4
75.2
28.0
64.6
66.1
81.1
28.6
76.3
77.0
87.8
36.3
101.6
68.4
78.5
35.1
178.5
68.2
76.8
26.7
80.4
70.9
80.3
36.6
100.7
63.7
78.4
39.0
142.9
79 6
88.1
34.2
64.5
73.9
83.3
32.0
93.2
••76.0
••84.9
••39.8
95.1
73.8
90.4
32.4
66.7
do
do
do
do
518.3
500.7
473.0
52.6
458.8
502.6
475.5
39.5
38 9
41.0
37 9
90 3
40.5
38.7
38 0
87 5
35.2
39.5
39.5
65 3
40.3
46.4
42.6
52 4
39.8
51.1
47.8
48 4
40.3
46.4
41.0
43 2
35.4
44.5
40.7
39.5
43.1
44.7
44.0
46.5
39.3
43.9
39.1
51.3
41.4
41.1
39.3
55 2
41.7
40.6
39.0
64.8
••42.8
48.5
••43.0
••80.9
42.2
49.6
41.3
85.0
Cottonseed oil:
1 512.7
Production* Crude
do
1, 262. 7
Refined
do
832.4
Consumptior in end products
do
177.4
Stocks, crude and ref., end of period 11
do
606.1
Exports (crude and refined)
do
.410
Price, wholesale (N.Y.)
$perlb._
1,215.0
1,112.6
660.7
160.3
656.5
.322
84 1
93 0
53.8
164.0
17.8
.265
72 3
74 0
56.8
146.2
69.7
.348
76 1
68.0
49.6
126.5
43.7
.378
56.1
73.1
46.7
136.1
28.9
.343
76.3
53.6
51.0
125.5
21.3
.323
101.0
75.5
50.0
153.1
46.7
.293
103.2
97.1
53.6
160.3
36.7
.278
118.1
99.6
45.0
179.7
76.2
.298
111.2
89.6
48.3
192.1
49.3
.318
100.2
91.6
52.1
217.1
51.8
.323
78.0
76.2
48.3
198.1
42.8
.298
••67.3
70.9
'43.3
55.4
60.4
58.0
153.2
47.9
.273
Soybean cake and meal:
Production
thous sh tons
Stocks (at oil mills) end of period
do
18, 543. 2
496.7
16,922.2
341.7
8 704.9
6,811.5
7 039 0
673 6
Stocks crude and ref end of period IT do
1,606.7
Exports (crude and refined)
do
.366
Price, wholesale (refined; N.Y.)
$ per l b _ .
7 861. 7
6,422.5
6 830 3
799 9
758.0
.286
.
Corn oil:
Production* Crude
Refined
Consumption in end products
Stocks crude and ref. end of period If
Soybean oil:
Production* Crude
Refined
mil Ib
do
TOBACCO
Leaf:
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers', end of period
mil Ib
Exports incl scrap and stems
thous Ib
Imports incl scrap and stems
do
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large) taxable
Exports cigarettes
millions
do
do
do
1
2
1, 990
1
1,209.3 1,355.1 1,475.6
368.3
383 8 359 4
557.8
489.6
531 3
530 6
55.7
.243
623.9
509.3
555 3
544 3
65.3
.304
674.5
550.9
562 8
567 1
13.1
.340
1,289.9 1,645.2
318.8
354.7
599.8
538.3
604 8
560.6
13.5
.285
783.9
666.9
672 0
568.0
43.8
.266
1,642.1 1,752.8 1,689.8
351.5
407.3 341.7
776.7
617.3
609 2
657.7
78.9
.243
846.7
604.6
624 4
799.9
40.4
.226
807.4
611.9
658 0
844 8
32.6
.222
1,562.8 1, 758. 9
330.7
388.3
757.6
558.7
617 6
913 2
120.2
.220
r 204.0
65.6
.263
1,769.4 '1,822.1
334.3 ' 434. 0
1, 686. 0
345.3
846.1 r 869. 8 809.5
852.4
624.2
625.9
606.6
646.5
633.1
623.4 r 625. 9
687 3
'1,108.6
1,
288. 1
1,060.9
946 1
160.9
74.4
55.5
89.6
.228
.213
.219
.224
4 738
563 005
320] 318
59, 272
576 173
5,009
46, 901
62, 279
588 345
4 475
49 895
.274
6 2, 052
2 184
4 461
651 415
299, 946
.325
r
3 936
32 073
28, 566
23 202
26, 390
39 452
25, 082
4 312
44 862
25, 229
52 676
21, 888
73 908
28, 403
4,738
62 858
18, 168
93 233
28, 373
51 972
32, 314
4,568
47, 077
27,338
43 316
22, 634
29, 694
33, 263
4,166
25,964
24, 245
4,803
49 477
417
3,357
5,667
46 301
347
4,170
5,239
50, 378
371
5,294
5,632
52, 750
389
4,104
6,383
58, 923
448
5,371
5,293 5,424
48 Oil 42, 678
286
348
4,165 4,559
6,009
51,921
319
3,906
6,297
51, 025
288
6,350
6,402
58, 806
363
4,910
5,865
49, 615
337
5,088
5,302
50, 352
342
5,212
5,033
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9 . _
thous. $
Calf and kip skins
thous skins
Cattle hides
thous hides
339, 062
2 163
18, 428
296, 279
2 403
21, 269
23, 361
115
1,719
22, 532
166
1,551
22, 965
159
1,548
25, 782
193
1,714
24, 921
284
1,678
28, 968
197
1,965
28, 115
209
1,753
34, 804
195
2,172
28, 296
151
1,658
42, 391
247
2,407
45,309
262
2,386
51,518
212
2,075
43, 076
122
2,030
77 500
15 732
583
78 100
15 520
879
6 300
1 024
56
7 900
1 668
60
6 200
1 096
72
7 ooo
1 372
106
7 900
1 311
54
9 000
1 145
32
6 500
6 000
'929
116
6 000
959
137
11 700
2 973
201
8,600
2 216
125
6 600
1 289
69
11 400
2,366
126
$ per Ib
do
644
.231
3 350
.234
350
253
350
.253
350
.258
350
.280
350
.308
.450
.258
.263
550
.315
.550
.298
.300
.800
.349
.800
.390
.800
.348
LEATHER
Production :
Calf and whole kip
thous skins
Cattle hide and side kip
thous hides and kips
Goat and kid
thous skins
Sheep and lamb
do
16 824
148 565 2 184 104
18 473
13 341
16 979
14 714
17 131
16 737
12 909
14 517
17, 367
18, 157
19 449
21 149
18, 795
146.7
163.9
166.8
182.6
182.6
182.6
182.6
189.8
194.1
207.1
199.9
38 322
39 908
Imports:
Value total 9
thous $
Goat and kid skins
do
Prices, wholesale, f.o.b. shipping point:
Calfskins packer heavy 9H/16 Ib
Hides, steer, heavy, native, over 53 Ib
Exports:
Upper and lining leather
thous so ft
Prices, wholesale, f.o.b. tannery:
Sole, bends, light
._
index, 1967=100
Upper, chrome calf, B and C grades
index 1967—100
849
123
.800
.363
13 889
4
151. 1
146.7
452 955
433 631
35 786
34 130
45 446
36 715
37395
41 291
40 136
46 786
43 967
42 725
do
do
do
355 147
85 502
9 890
2 416
350 281
68 526
11*357
3 467
28 581
6 090
870
245
28 829 30 485 32 047 35 859
4 338 6 446 6 447 8 059
982
1 191
713 1 053
338
432
337
250
29 447
6 017
981
270
32 332
3,882
945
236
34 998
5,005
1,055
233
33 346
5,386
1,154
r
250
38 699 r 35 7§g
6,356 ' 6, 162
1, 343 ' 1, 558
'479
388
33 997
6,848
1,304
474
do
3, 993
375
369
369
451
587
158.8
199.9
LEATHER MANUFACTURES
Shoes and slippers:
Production total
thous pairs
Shoes, sandals, and play shoes, except athletic
Slippers
Athletic
Other footwear
Exports
_
Prices, wholesale f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
index, 1967=100..
Women's oxfords, elk side upper, Goodyear
welt
index, 1967=100
Women's pumps low-medium quality do
2
4, 332
406
373
349
450
640
521
436
155.1
165.0
164.6
164.6
164.6
168.1
168.1
168.1
168.1
170.5
173.6
175.9
177.1
177.1
179.4
179.4
144.0
127 8
151.8
5133 5
150.5
150 5
150.5
154.3
154.3
154.3
154.3
135.9
156.8
135.9
156.8
135.9
160.0
135.9
161.3
138.8
161.3
138.8
163.0
138.8
163.0
138.8
r
2
Revised.
* Crop estimate for the year.
Annual total reflects revisions not distributed to the monthly data.
5
s Average
for
Jan.-May
and
July-Dec.
«
Jan.-June
and Aug.-Dec.
Jan., Feb., and
6
Dec.
Aug. 1 estimate of 1976 crop.
363
r
9 Includes data for items not shown separately.
H Factory and warehouse stocks.
S-31
SURVEY OF CUREENT BUSINESS
August 1976
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1975
1975
June
Annual
July
Aug.
Sept.
1976
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
LUMBER AND PRODUCTS
LUMBER— ALL TYPES 9
National Forest Products Association:
Production total
mil bd ft
Hardwoods
_ do
Softwoods _ _ .
_do
1
34,463
6,904
27, 559
131,869
5,524
26, 345
2,814
492
2,322
2,797
471
2,326
2,914
511
2,403
2 986
489
2 497
3 147
511
2 636
2 530
493
2,032
2 500
446
2,054
2,821
451
2,370
2,804
513
2,291
3 144
512
2,632
3,209
544
2,665
2,960
559
2,401
___do
do
_ - _ d o -_
i 33,811
6,583
27, 228
132,116
5,461
26, 655
2,739
459
2,280
2,820
444
2,376
2,851
505
2,346
3 061
510
•? 551
3 097
516
2 581
2 689
514
2 175
2,647
433
2,214
2,762
463
2,299
2,790
521
2,269
3,107
521
2,586
3,155
556
2,599
2,944
571
2,373
Stocks (gross), mill, end of period, total. _ do
Hardwoods
._
do _ _ _
Softwoods
do
5,109
780
4,329
4,862
843
4,019
5,124
836
4,288
5,101
863
4,238
5,165
870
4 295
5 090
849
4 241
5 140
844
4 296
4 982
829
4 153
4, 862
843
4, 019
4,894
831
4,063
4,926
823
4,103
4 963
814
4 149
5,016
801
4,215
5, 123
789
4,334
1,668
7,249
1,643
5,968
125
671
155
677
151
431
142
422
126
388
131
415
131
552
132
477
147
527
139
627
161
701
156
669
152
573
mil. bd ft
- --. do
7,367
316
7,651
550
674
509
682
581
551
532
724
549
693
551
642
592
559
550
721
601
660
638
761
654
760
653
572
624
738
705
Production
Shipments
_
Stocks (gross) , mill, end of period
_ do
._ .do
do
7,777
7,730
982
7,338
7,417
903
654
627
1,004
590
610
984
619
600
1 003
715
707
1 Oil
688
691
1 008
548
601
955
549
601
903
711
670
944
666
623
987
756
745
998
756
761
993
643
601
1 055
618
657
1 016
Exports, total sawmill products
Sawed timber
Boards, planks scantlings, etc
_
do
do
do
598
158
440
505
125
398
38
11
27
53
11
43
55
15
40
44
13
31
35
9
26
46
10
36
50
11
39
48
20
28
41
8
33
38
8
30
63
29
34
50
14
37
42
13
29
158. 84
158. 88
161. 54
165. 47
169. 76
166. 79
160.09
157. 56
166. 40
175. 43
178. 29
184.90
180. 05
176.06
171. 45
i 6, 699
344
i 7, 074
453
569
401
627
391
647
408
583
381
709
378
638
405
620
453
593
453
623
478
590
459
615
460
619
476
i 6, 921
i 6, 760
i 6, 790
i 6, 965
586
571
615
637
609
630
599
610
700
712
584
611
538
572
636
593
583
598
623
609
634
614
598
603
1,309
1,134
1,261
1,239
1,218
1 207
1 195
1 168
1 134
1,177
1 162
1,176
1,196
1,191
76, 276
67, 502
5,175
6,414
3,930
11 346
14 241
10, 774
11, 160
12, 872
Shipments, total.Hardwoods
Softwoods
.
.-_
Exports, total sawmill products
Imports, total sawmill products
do
. -_do .
r
r
SOFTWOODS
Douglas fir:
Orders new
Orders, unfilled, end of period
-
Prices, wholesale:
Dimension, construction, dried, 1" x 4", R. L.
$per M bd. ft—
Southern pine:
Orders new
Orders, unfilled, end of period
mil bd ft
do
Production
Shipments
do_ _
do
Stocks (gross), mill and concentration yards, end
of period
mil. bd. ft
Exports, total sawmill products
M bd. ft
Prices, wholesale, (Indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1967=100..
Flooring, C and better, F. G., I" x 4", S. L.
1967=100..
Western pine:
Orders, new
Orders unfilled end of period
mil. bd ft
do
7 595
4 699
7 445
9 591
8 576
171.4
176.5
182.0
190.5
198.6
217.7
217.7
219.7
222.4
225.1
231.8
231.8
231.8
231.8
233.3
188.4
166.6
174.7
174.5
170.8
171.5
229.2
226.9
230.7
225.2
225.2
225.2
220.9
222.0
223.0
227.4
228.5
8,788
392
8,867
538
748
484
869
546
740
513
936
560
838
542
725
559
743
538
751
584
725
578
830
530
851
522
809
502
1,017
598
Production
Shipments
do
do
8,973
8,952
8,599
8,721
735
734
805
807
823
773
852
889
895
856
654
708
706
764
695
705
715
731
886
878
920
859
837
829
801
921
Stocks (gross) , mill, end of period
do
1,344
1,222
1,284
1 282
1 332
1 295
1 334
1 280
1 222
1 212
1 196
1 204
1 265
1 337
1,217
151. 38
131. 97
170. 71
145 95
141.17
131.78
128 87
127. 30
154 01
177. 50
198. 52
209. 92
189. 73
165. 91
108.3
2.5
123.9
104.2
4.5
93.8
76
3.2
86
29
93
2 6
80
30
9 4
33
83
4 4
88
45
12 6
6 7
84
54
82
46
9 8
52
9.4
5.7
10.1
4.9
108.5
19.2
98.8
12.5
8.0
8.1
14.9
9.2
8.2
15 9
8.4
9.0
15 4
7.9
7.4
15 8
8.5
8.7
15 7
6.2
7.2
14 7
7.0
83
12 5
8.0
10.4
10 2
8.4
9.2
9.6
9.5
8.2
11 0
8.7
8.6
11.2
7.9
9.0
9.8
8.3
8.,7
9.6
185
757
4
182
646
3
150
676
6
177
654
4
212
600
4
229
743
6
265
836
5
232
671
7
903
1 153
r
34
r
31
1 007
r
72
r
42
r
22
r
966
1 034
r
28
r
31
948
41
r
47
r
1,071
'27
1,355
57
39
3
2
6
8
3 758
2 836
6 836
8 489
3 818
3,205
6,904
8 581
4,418
3,951
8,131
8 828
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over)
$ per M bd ft
187. 49
161. 57
HARDWOOD FLOORING
Oak:
Orders, new
Orders, unfilled, end of period
mil bd ft
do
Production
______
Shipments
Stocks (gross), mill, end of period
do
do
do
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons
Scrap
do
P i g iron
_ _ _ _ _ _
do
Imports:
Steel mill products
Scrap f .
Pigironf
6 833
8 696
101
2 953
9 608
60
256
1 005
4
264
843
2
15r 970
201
r
342
12r 012
305
r
478
927
r 49
r
7
r 48
r 31
55 250 r i 46 042
i 51 335 r i 36 753
U05 483 r i 82 331
i g 408 i 8 766
3 664
3 008
6,324
8 279
3 411
9 443
5 748
8 403
do
do
do
805
271
809
2
748
202
771
3
697
r 18
r 29
26
'26
3 581
2 421
6 135
8 243
3 792
3 017
6 703
8 415
r
228
657
4
818
r
26
r
r
!7
r
3 912
3 292
6 815
8 791
3 388
2 808
6*212
8 792
52
51
!6
r22
Iron and Steel ScrapH
Production
Receipts, net
Consumption
Stocks, end of period
„ _
thous sh tons
do
do
do
1
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per Ig. ton.. 106. 22
68.61
70.83
56.04 64.89
Pittsburgh district
do
69.00
104.20
72.50
56.50 65.50
r
Revised.
" Preliminary.
i Annual data; monthly revisions are not available.
9 Totals include data for types of lumber not shown separately.
fEffective Aug. 1976 SURVEY, scrap excludes imports of rerolling rails and pig iron excludes
sponge iron imports previously included.
505
725
133
860
r
4 407
r
3, 910
r
8, 057
r
p 4,498
p 3,861
P 8,410
9 087 P8984
72.09 80.98 87.75
59.12
65.14
60.42
63.54
74.34
93.00
80.50 86.00
61.50
64.00
74.50
63.00
77.50
H Effective with 1974 annual and Jan. 1975 figures, data reflect
exclusion of direct-reduced (prereduced) iron, previously included in
80.42
85.10
78.50
82.00 91.00
83.50
expanded sample and
scrap series.
S-32
SUEVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
August 1976
1976
1975
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Ore
Iron ore (operations in all U.S. districts):
do
84,355
85, 112
48, 029
78,866
75,967
46, 742
8,023
9,455
4,738
7,682
9,070
4,692
8,013
9,116
3,472
7,471
7,645
4,534
6,160
6,850
4,226
5,765
5,796
3,062
5,801
5,277
4,039
5,413
2,578
2,703
5,459
1,812
1,645
5,812
2,245
2,022
6,118
5,579
2,443
7,612
8,483
4,084
4,554
do
128,306
129, 077
2,323
112, 718
106, 230
2,538
12, 583
8,531
232
12, 495
7,825
232
11, 342
7,949
192
10, 118
8,419
300
9,423
8,279
395
8,571
7,958
333
8,375
8,326
203
3,916
8,849
1
4,111
8,923
2
4,690
10,063
21
7,765
9,926
200
12, 696
10, 753
425
12, 862
10, 347
271
57, 924
19,405
45, 247
3,272
68, 113
11, 268
52, 231
4,614
57, 594
14, 299
40, 527
2,768
61, 166
12, 916
45, 197
3,053
63, 855
11, 723
48, 676
3,456
66,095
11, 549
50,376
4,170
66,600
10, 859
51, 521
4,220
67, 265
10, 786
52, 133
4,346
68, 113
11, 268
52, 231
4,614
66, 855
14, 696
47, 298
4,861
65, 351
18, 418
42, 485
4,448
63, 076
21,984
37, 181
3,911
61,400
22, 724
35, 085
3,591
62,608
21,853
37, 296
3,459
39,852
3,442
851
1,033
84
77
88
51
112
43
98
101
39
83
68
53
161
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons.. i 95, 909 79, 923
Consumption
-do
i 96, 792 i 79, 638
1763 U,435
6,239
6,236
944
5,968
5,884
1,059
6.031
6,049
1,120
6,245
6,286
1,300
6,292
6,298
1,333
5,981
5,958
1,387
6,234
6,210
1,427
6,636
6,664
1,438
6,754
6,812
1,452
7,601
8,116
7,519
7,573 r 7, 679 P 8, 174
1,430 ' 1, 362 v 1, 352
7,874
182. 25
Imports
_.
U.S. and foreign ores and ore agglomerates:
Exports
_ _
Stocks, total, end of period
do
At U.S. docks ...
do
Manganes e (mn . content) , general Imports
do
Pig Iron and Iron Products
Price, basic furnace
$ per sh. ton--
Castings, gray and ductile iron:
Orders, unfilled, for sale, end of period
thous. sh. toDS.Shipments, total
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous. sh. tons..
122. 61
181. 76
182. 38
182.38
182. 38
182.38
182.38
182. 38
182. 38
182.38
182. 38
182.38
182. 38
182.38
1,416
15, 661
8,664
994
12,445
6,435
1,094
1,019
512
1,105
858
459
1,096
972
526
1,006
1,106
577
969
1,202
614
902
1,003
496
994
934
463
960
1,060
507
907
1,122
534
886
1,313
659
855
1,257
606
865
1,246
616
133
912
553
64
730
430
81
61
35
80
50
29
81
57
36
72
66
39
72
73
44
69
59
35
64
59
35
66
65
38
71
67
37
69
84
48
68
79
47
74
75
44
8,744
8,370
8,648
9,295
9,214
8,709
8,846
9,835
74.4
9,907
80.1
11, 294
85.4
11,439
88.4
12,136
90.8
1,081
165
132
1,034
132
106
957
126
103
881
161
128
831
176
143
786
145
119
748
142
122
691
158
133
645
155
131
607
176
147
574
155
129
565
154
129
6,178
5,757
6,327
7,632
6,377
5,703
6,071
7,246
6,840
8,259
7,780
8,215
8,537
360
319
550
156
417
389
652
176
395
343
604
178
437
375
634
163
458
430
719
176
7,999
Steel, Raw and Semifinished
Steel (raw):
Production
.thous. sh. tons.. i 145,720 1 116,642
Rate of capability utilization*
percent
176.2
Steel castings:
Orders, unfilled, for sale, end of period
thous. sh. tons..
1,527
748
Shipments, total
do
1,927
2,091
1,575
1,739
11,605
89.7
11,400
84.8
Steel Mill Products
Steel products, net shipments:
By product:
Semifinished products
. _ do
Structural shapes (heavy), steel piling do
Plates
do
Rails and accessories
do
i 109,472
79,957
5,509
7,210
10, 919
1,785
3,910
5,121
8,761
1,965
292
381
705
172
279
343
643
171
291
380
618
146
351
412
685
157
324
325
589
152
284
297
516
146
296
319
559
152
317
307
552
160
Bars: Hot rolled (incl. light shapes)
Reinforcing
Cold
finished
do
do.
do...
i 18, 514
11,061
i 5, 089
2,251
13,367
8,146
3,666
1,486
990
579
293
113
944
532
310
98
1,034
610
320
99
1,231
776
331
119
1,038
585
342
104
926
549
285
87
912
553
264
89
1,074
675
282
111
1,135
721
294
114
1,321
834
334
146
1,261
753
370
133
1,346
808
386
146
1,335
794
375
159
Pipe and tubing
_
Wire and wire products
Tin mill products
Sheets and strip (incl. electrical), total
Sheets: Hot rolled
Cold rolled
do
do...
do
do...
do...
do...
9,844
3,171
7,528
i 44, 991
15, 774
18,275
8,229
2,153
5,687
30, 763
11, 222
12, 841
676
179
465
2,318
846
989
612
148
489
2,128
750
914
624
170
453
2,611
907
1,148
622
192
452
3,532
1,209
1,572
627
203
443
2,677
928
1,148
542
170
388
2,435
819
1,083
530
151
528
2,624
927
1,126
546
182
868
3,240
1,074
1,471
546
188
450
3,136
1,070
1,410
609
241
540
3,916
1,372
1,714
576
233
521
3,669
1,299
1,595
557
220
532
3,950
1,423
1,699
568
242
599
4,011
1,499
1,646
do._
do. _
do__-
23, 179
12, 270
6,249
18, 928
3,417
6,440
8,218
30,771
15, 622
8,767
3,927
15, 214
3,152
5,173
6,053
22,048
3,711
2,375
914
3,776
778
1,345
1,313
5,315
34.4
33.9
37.0
37.0
36.2
34.8
33.8
33.8
33.9
33.5
33.8
33.5
33.7
34 5
7.7
5.6
10.0
6.7
10.6
6.3
10.8
6.4
10.8
6.1
9.9
5.8
9.7
6.1
10.1
6.3
10.0
6.7
10.0
6.4
10.2
6.7
10.1
6.5
10.4
6.8
"11.0
6.9
7.4
6.7
7.7
7.8
7.6
7.1
6.7
6.6
6.7
6.5
6.5
6.5
6.5
6.6
10.5
4.3
4.6
10.6
5.1
5.0
10.4
5.1
5.3
10.4
6.0
6.0
10.0
5.3
5.7
10.0
5.5
5.5
By market (quarterly shipments):
Service centers and distributors
Construction, incl. maintenance
Contractors' products
Rail transportation
do...
Machinery, industrial equip., tools
do.__
Containers, packaging, ship, materials. _ .do ...
Other
do
Steel mill shapes and forms, inventories, end of
period—total for the specified sectors:
mil. sh. tons.
Producing mills, inventory, end of period:
Steel in process
mil. sh. tons.
Finished steel
do
Service centers (warehouses), inventory, end of
Consumers (manufacturers only) :
Inventory, end of period
Consumption during period
r
do.
do_
13.7
81.5
79.0
10.5
58.9
62.1
12.4
4.9
5.2
12.0
4.3
4.7
11.7
4.7
5.0
Revised. 2 * Preliminary.
»Annual data; monthly or quarterly revisions are not
available.
For month shown.
*New series. Source: American Iron and Steel Institute. The production rate of ca-
12.0
5.8
5.5
3,569 2 1, 296 2 1, 343 2 1, 459
2610
2761
2663
1,706
2497
2392
2430
1,066
5,450 2 1, 829 2 2, 036 21,835
2258
2248
2236
728
2492
2438
2428
1,283
2660
2596
2572
1,974
6,447 2 2, 404 2 2, 473 2 2, 576
3,615
1,721
870
3 692
718
1,089
1,436
5,014
3,440
2,091
1,003
4,686
686
1,083
1,490
5,193
11.3
5.0
5.7
10.8
4.2
4.7
11.3
6.8
10.0
5.6
5.6
pability utilization is based on tonnage capability to produce raw steel for a full order book
based on the current availability of raw materials, fuels and supplies, and of the industry's
coke, iron, steelmaking, rolling and finishing facilities. Earlier data are not available.
SURVEY OF CURRENT BUSINESS
August 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1976
1975
| 1975
Annual
S-33
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons..
Recovery from scrap (aluminum content) do
Imports (general):
Metal and allovs, crude . . _ . _ _
Plates, sheets, bars, etc
Exports:
Metal and alloys, crude
Plates, sheets, bars, etc
4,903
1, 190
3,879
1,098
302
92
310
80
309
91
300
99
311
104
310
88
319
90
322
98
303
103
326
115
325
118
350
116
do
do
509.0
45.3
457.9
61.0
34.9
3.6
26.7
6.4
43.5
5.0
56.4
6.0
37.8
5.8
45.3
7.4
46.3
7.4
36.1
8.9
47.0
6.8
50.7
9.0
71.7
6.8
68.8
6.6
70.9
8.4
do
do
207.8
234.9
185.8
185.4
8.6
13.7
4.8
14.2
20.9
13.6
13.7
17.5
25.2
15.6
36.8
13.0
44.9
18.0
31.3
14.7
4.1
16.7
25.8
15.5
14.6
17.2
7.2
16.5
9.7
18.4
.3406
.3979
.3900
.3900
.4042
.4100
.4100
.4100
.4100
.4100
.4100
.4100
.4148
'. 4250
.4400
13, 639
10, 461
5,626
1,760
9,804
7,427
4,052
1,376
832.4
608.7
332.7
109.2
825.4
646.5
369.7
93.3
866.6
665.9
393.4
111.6
899.9
692.3
385.4
123.5
921.4
674.5
361.0
139.6
824. 6
586.1
312.6
116.0
968.4 r 902. 9
667.6 " 718. 3
384.4
410.5
122.2
148.1
946.4 1,134.8 1,070.6
688.6 " 826. 8 " 830. 9
384.7
454.3 " 462. 9
160.1
164.8
151.8
5.156
5,999
6,086
6,070
6,013
6,014
5,962
6,007
5,999
5,971
5,997
5,891
1,597.0 1,413.4
1, 654. 7 1 1, 443. 4
1,420.9 1, 299. 0
144.4
i 233. 8
482.0
330.0
111.3
120.2
108.5
11.6
25.0
95.3
105.9
96.6
9.3
23.0
114.3
111.0
96.6
14.4
28.0
118.5
104.3
94.7
9.6
32.0
128.4
116.4
108.4
8.0
29.0
111.5
106.4
96.9
9.5
28.0
116.0
118.7
107.0
11.7
30.0
120.5
114.3
105.8
8.5
31.0
116. 7
106.2
97.3
8.9
29.0
133.7
136.5
130.8
5.6
28.0
1
Price, primary ingot, 99.5% minimum.. .$ per lb_.
Aluminum products:
Shipments:
Ingot and mill prod, (net ship.)
M ill products, total
Sheet and plate
Castings.
mil. lb..
do
do
do
Inventories, total (ingot, mill products, and
scrap) end of period
mil Ib
Copper:
Production:
Mine, recoverable copper
thous. sh tons
Refinery, primary
do
From domestic ores
- _do.-.
Frorn foreign ores
do
Secondary, recovered as refined
do
Imports (general) :
Refined, unrefined, scrap (copper cont.)
Refined
.
Exports:
Refined and scrap
Refined-.
_ _
35.8
13.1
15.2
2.9
26.8
8.4
38.1
21.0
42.4
25.3
31.9
19.1
33.5
21.4
38.2
21.5
42.9
33.5
39.6
26.6
68.0
48.7
55.9
45.8
53.8
38.5
do
do
309.9
126.5
333.1
172.4
26.0
13.5
19.3
9.8
20.1
6.7
20.4
11.5
20.0
12.5
17.5
9.0
16.4
8.4
20.5
11.2
16.9
8.5
20.5
10.8
20.6
10.9
20.4
8.6
22.4
9.4
2,160
374
179
r 1, 541
'539
'178
372
511
173
467
459
111
*176
486
143
4 185
478
153
.7727
.6416
.6314
.6468
.6924
.7062
.7062
2,813
2,647
667
2,025,
2,056
512
do
do
Tin:
Imports (for consumption) :
Ore (tin content)
Ig tons
Metal, un wrought, unalloyed
do
Recovery from scrap, total (tin cont.)__ _do
As metal— _ _
do
Consumption, totaL
do
Primary
_
do
Exports, incl. reexports (metal) . . __ - d o
Stocks, pig (industrial), end of period
do
Price, pig, Straits (N.Y.), prompt*
$ perlb..
thous. sh. tons
do
do ..
do
do
1
663. 9 1621.5
i 697. 1 » i 604. 6
213.6
i 1,599.4
1
188.6
1,297.1
387
482
170
.6248
.6379
496
524
132
.6379
"448
r
539
r
178
.6379
.6379
527
512
120
.6379
.6362
.6362
37.7
46.0
48.0
47.4
50.6
55.6
56.3
59.8
48.9
61.0
52.8
53.8
50.4
52.0
52.0
55.1
57.8
64.6
50.6
57.0
"51.0
53.5
50.4
16.0
90.7
10.0
86.2
12.9
108.6
10.6
114.7
20.1
123.6
20.6
108.9
21.8
108.5
21.9
109.3
18.3
114.1
23.5
125.1
16.0
116.4
13.4
114.2
30.4
187.1
191.4
196.3
194.7
190.7
195.1
193.6
188.7
191.4
188.7
193.0
206.8
205.3
196.4
200.8
37.3
i 166. 6
81.3
1 133. 3
109.3
115.5
110.0
115.9
99.3
116.1
85.6
114.1
76.8
121.1
82.8
117.9
81.2
120.3
90.6
110.5
92.0
110.4
89.9
116.4
87.3
116.1
84.4
116.6
83.7
85.3
.2253
87.8
.2153
77.4
.1900
80.8
.1900
84.4
.1956
79.5
.2000
88.5
.2000
83.8
.2000
87.8
.1946
83.7
.1900
79.6
.1900
68.2
.2022
70.8
.2193
76.9
.2288
.2300
5,877
39, 602
i 18,897
i 1, 989
164,742
151,611
6,314
43,664
1 15, 618
11,887
154,919
1 42, 931
0
3,361
1,005
210
4,240
3,130
848
1,725
820
155
3,750
2,970
183
2,300
1,050
175
4,230
3,050
508
3,272
1,095
105
4,450
3,250
982
3,679
1,180
175
4,680
3,525
0
3,719
920
120
4,340
3,365
1,083
3,936
980
125
4,545
3,485
0
4, 005
990
125
5,090
4,135
498
2,414
1,025
120
4,855
3,795
28
4,809
1,210
140
5,735
4,485
934
2,617
1,080
125
5,333
4,262
64
2,606
927
6,177
8,415
10,442
3. 9575
3,540
"9,385
3. 3982
341
67
10, 874
9,019
3.4248 3. 3332
153
8,989
3. 3185
48
9,103
3. 2277
320
9,727
3. 2195
17
8,700
3. 2403
1499.9
i 469. 4
39.7
37.1
39.3
37.6
39.8
36.6
37.2
40.4
41.6
42.7
41.2
41.7
40.8
240.0
539.5
145.0
380.4
12.2
24.2
12.1
17.5
7.7
22.6
10.5
42.0
9.4
58.4
8.3
53.8
12.1
51.2
6.2
57.7
9.8
44.0
8.3
45.5
6.6
59.9
5.7
62.9
9.4
77.2
i 127. 1
1 258. 2
182.7
223.8
8.2
17.9
8.5
18.1
8.3
18.3
7.9
19.2
9.7
20.8
8.8
18.8
8.3
18.6
8.4
18.6
7.6
19.6
8.9
21.1
8.8
"19.5
8.3
15.8
29.1
3.1
94.1
28.8
4.7
94.8
.1
31.0
4.6
78.5
.2
36.8
4.1
81.3
(2)
42.0
3.8
84.1
(2)
40.8
4.5
87.8
.2
41.4
5.8
106.5
0
43.5
3.0
98.9
(2)
41.6
6.0
102.7
(2)
.7462
649
575
136
563
549
129
50.7
45.6
Slab zinc: §
Production (primary smelter), from domestic
i 555. 2 i 438. 1
25.6
and foreign ores
thous. sh. tons
27.6
25.3
178.5
2.4
Secondary (redistilled) production
do
157.9
2.1
1.5
1 1,287. 7
Consumption, fabricators.
do
83.2
925.3
72.1
67.9
2
2
19.1
Exports
do
.1
6.9
()
()
Stocks, end of period:
39.7
73.5
108.6
75.7
90.5
Producers', at smelter (ZI)O
do
i 210. 7
Consumers'
do
107.3
114.0
103.3
95.3
.3594
.3894
Price, Prime Western
$perlb..
.3892 .3890
.3896
"2 Revised.
* Preliminary.
1 Annual data; monthly revisions
are not available.
e
Less than 50 tons.
3 See "*" note.
* For m<mth show n.
C Drrected.
concludes secondary smelters' lead stocks in re finery sha pes and i n coppei'-base sc rap.
§ All data (except annual production figures) reflec t GSA re melted zin c and ziric purch£ised
for direct shipment.
©Revised Dec. 31 stocks f or 1971-73 (thous. t ons): 48 6; 30.1; f<J5.9.
Producers' stocks elsewhere, end of July 1976, 14,>00
£ tons.
129.3
133.9
127.0
6.9
330.0
146.8
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. sh. tons_.
Reflners' (primary), refined and antimonial
(lead content)
_
thous. sh. tons
Consumers' (lead content) cf
- do -.
Scrap (lead-base, purchased), all smelters
(gross weight)
thous. sh. tons
Price, common grade, delivered
$ per lb_.
Consumption (recoverable zinc content):
Ores Scrap, all types
_
136.1 "136.6
124.8
133.3
117.7
127.2
7.1
6.1
31.0
29.0
607.7
313.6
Lead:
Production:
Mine, recoverable lead.
_.thous. sh. tons..
Recovered from scrap (lead cont.)
do
Zlnc:
Mine prod., recoverable zinc
Imports (general):
Ores (zinc content). .
Metal (slab, blocks)
5,525
do
do
Consumption, refined (by mills, etc.) , qtrly.-do
Stocks, refined, end of period
..
do
Fabricators'
.__
do._
Price, electrolytic (wirebars), dom., delivered
$ per lb-.
Copper-base mill and foundry products, shipments
(quarterly total) :
Brass mill products
_ ___ .mil. Ib
Copper wire mill products (copper cont.) do
Brass and bronze foundry products .
do
Imports (general), ore (lead cont.), metal
Consumption, total
_.
_.
_
1,207.0 1,157.5
" 888. 1 911.8
" 512. 3 529.0
" 159. 7
161.2
' 5, 676
'5,816
.4400
.2424
5,405
4,340
21
44
215
153
38
262
8,488 9,044
9,490 9,247
7,731
6,853
3. 0302 33.1397 33.2749 33.4720 33.5546 33.7511
(2)
278
3
3. 8932 34.2294
(2)
61.0
70.3
54.0
69.2
60.7
67.4
74.6
68.0
67.6
73.4
67.5
90.6
92.3
91.6
97.8
101.4
110.6
91.1
97.4
93.8
.3895
.3889
.3890
.3700 .3700
.3893 .3712
.3700
.3700 .3700
.3700
*Ne w series effective with dat a for Jan. 1976. Soiirce: Met als Week MWCo mposite monthly
price (Straits (luality, clelivered ) is based on aver age of dai ly prices at two rnarkets (Penang,
Mala> sia—sett lement, and LM E 3-morith— Hig h grade) and in<iludes fi]ced charges plus
dealer 's and cc>nsumer' s 70-day financin ? costs; n o compa rable ear ier prices are available.
SUKVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
August 1976
1975
June
July
Aug.
Sept.
1976
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
METALS AND MANUFACTURES—Continued
MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
orders (domestic), net, qtrly 9O
mil. $..
Electric processing heating equip.
do
Fuel-fired processing heating equip
do
153.5
23.8
90.4
146.4
43.6
52.4
40.8
19.2
9.8
Material handling equipment (industrial):
Orders (new), index, seas, adj
1967—100
202.7
135.6
126.1
133.5
132.6
179.0
151.9
131.8
132.9
142.4
151.2
162.2
159.6
172.1
Industrial trucks (electric), shipments:
Hand (motorized)
number. . 22, 661
26,048
Rider-type
do
Industrial trucks and tractors (internal combustion
engines), shipments
number.. 55, 124
15,063
19,381
1,046
1,496
802
1,223
825
1,029
1,067
1,249
1,079
1,344
970
1,076
1,779
1,680
1,111
1,117
1,095
1,076
1,429
1,170
1,408
1,266
1,166
1,172
36,388
2,781
2,011
2,479
2,557
3,033
2,450
3,787
2,178
2,249
2,724
2,648
2,964
176.5
142.3
134.6
136.3
144.6
147.8
147.8
145.1
148.2
154.4
156.3
165.3
167.2
160.7
163.4
167.8
165.2
162.2
164.2
166.3
161.6
167.4
166.1
159.3
172.8
170.2
175.7
184.4
179.1
180.2
146.6
169.4
169.4
170.2
170.5
170.6
170.8
172.0
172.9
174.5
175.1
175.3
176.3
176.8
177.4
72.80
76.95
58.85
65.30
149. 05 121. 85
116.80 101. 95
1,388.5 1, 339. 4
91.60
85.45
170.00
143.10
1,261.0
89.55
77.95
159.45
130.50
1,191.1
80.85
87.05
73.75
71.05
73.15
66.15
134.55 161. 95 117.00
105.95 130. 95 101. 20
1,137.4 1, 062. 4 1,019.2
110. 00
95.80
129. 80
109. 15
999.4
122. 00
98.00
145. 85
123. 80
975.6
102. 65
94.30
121. 20
101. 00
957.0
29.95
24.60
51.80
43.20
296.6
19.70
17.35
40. 75
34.45
275.6
30.20
26.85
47.55
42.75
258.2
34.55
30.15
45.25
37.60
201.4
40.90
35.70
54.70
41.60
187. 6
45.95
41.55
52.20
42.75
181.4
Industrial supplies, machinery and equipment:
New orders index, seas, adjusted.. .1967-69 =100..
Industrial suppliers distribution:
Sales index, seas, adjusted
1967=100
Price index, not seas. adj. (tools, material handling
equip., valves, fittings, abrasives, fasteners,
metal products etc )
1967 ~ 100
Machine tools:
Metal cutting type tools:
Orders new (net) total
Domestic
Shipments, total
Domestic
Order backlog, end of period
.
Metal forming type tools:
Orders new (net) total
Domestic
Shipments total
Domestic
Order backlog end of period
mil $
do
do
do
do
do
do
do
do
do
Tractors used in construction, shipments, qtrly:
Tracklaying, total
units
mil. $..
Wheel (contractors' off-highway)
units.,
mil. $..
Tractor shovel loaders (integral units only), wheel
and tracklaying types
units
mil. $..
Tractors, wheel, farm, nonfarm (ex. garden and
construction types), ship., qtrly
units. .
mil. $..
2, 017. 05
915. 90 82.45
1,715.65
780. 50 60.10
1, 445. 85 1, 878. 65 179.70
1,241.35 1, 548. 10 154. 10
2, 025. 2 1,062.4 1,460.6
485. 20
405. 85
584. 70
521. 80
521.2
270.45
212.65
573.05
484.50
218.6
36.25
27.35
39.90
34.85
334.4
23, 623
904.8
22 5, 600
255. 6
20,453
1,111.5
4,592
289.6
5,597
297. 0
1,329
86.8
4,711
264.6
1,080
73.8
4,558
269.4
964
55.3
51, 405
1, 141. 2
37, 956
1, 132. 7
10, 843
324.0
8,566
260 8
8,351
266.7
234, 558
1, 823. 6
226, 223
2, 368. 1
65, 943
665.4
43, 704
467.9
54, 197
634.3
44, 408
39,340
2,463
17.45
15.00
33.35
27.65
318.5
r
35.4
8.3
12.6
33 6
6.2
12 3
21.20
18.80
40.85
34.25
238.6
28.25
23.60
48.15
39.75
218.6
53.3
8.9
27.0
39. 7
5.7
13.2
r
32.80
29.30
39.25
33.20
212.1
4,738
255.4
830
50.9
T
186.5
128. 95 P121. 50
118. 10 pl09. 45
118. 50 P123. 45
96.55 P99. 55
967.4 ?965. 4
40.35
35.05
43.50
36.05
178.3
P50. 20
*47. 90
P54. 55
P44. 80
J>174. 0
3 1, 557 3 1, 721 3 1, 764
384.1
382.0 384.4
9, 030
249. 4
62, 590 3 20,466 3 19,664 3 18. 440
717.7 3 233. 4 r 3 232. 3 3 217. 4
ELECTRICAL EQUIPMENT
Batteries (auto. -type replacement), ship
thous..
Radio sets, production, total market
thous..
Television sets (incl. combination models), production, total market
thous..
Household major appliances (electrical), factory shipments (domestic and export) 9
thous..
Air conditioners (room)
do
Dishwashers
do
Disposers (food waste)...
do
Ranges
do
Refrigerators
do
Freezers
do
Washers
do
Dryers (incl. gas)
do
Vacuum cleaners
do
43, 993
34,516
* 3, 072
2,865
3,418
3,573
4,432
3,178 * 3, 696
4,613
3,271
3,948
2,564
4,469
4 2, 593
3,380
4,282
3,453
3,154
2,860
2,765
2,496
2,751 4 3, 673
3,627
3,428
3, 095
2,924
4 1, 223
931
1,145
U,364
908
2,514
524.4
296.5
222.6
217.0
408.3
143.3
346.2
234.4
2,194
373.0
242.3
198.9
193.9
414.1
128.2
335. 9
208.4
2,388
336.7
261.5
214.6
222.8
494.6
12 S. 3
408.0
253.6
5
2,100.2
2,023
161.9
209.9
185.9
201.9
488.4
165.6
344.7
219.1
111.8
135.1 '115.8
144.1 r 155. 1
186.0
312.2 r 285. 8
310.0
123.1
190.6
261.9
15, 279
10, 637
<943
765
919
4 1, 293
1,069
878
4980
890
919
31,996
4,564
3,320
2,553
2 925
5,982
3,220
4,948
3,584
8,470
i 24, 240
12,683
2,702
1
2, 080
12,014
4,582
2, 457
4,228
2,870
7,640
2,372
343.5
229.4
182.6
191.5
486.4
234.9
384.2
234.0
' 2, 263
147.0
195.4
' 190. 5
' 178. 7
'514.7
276.4
403.4
250.9
7
1 690 1
2,106
71.6
227.1
178.7
178.6
417.6
272.4
424.3
288.1
2,243
27.4
253.1
206.5
187.2
464.8
242.9
480.5
345.8
2,246
101.0
318.1
214.6
198.3
456.6
184.8
429.1
315.5
1,577
60.3
247.6
179.0
156.2
304.7
91.5
296.2
218.7
1,801
223.3
259.7
178.8
183.7
360.9
83.8
279.3
202.
9
6
3 400 3
1,934
261.1
223.8
192.8
167.7
299.7
115.2
368.8
266.4
2,158
264.5
224.4
188.7
183.7
361.6
131.8
417.5
292.6
1,476
1,950
2,569
1,186
1,618
2,645
85.5
151.0
207.8
92.8
118.7
226.2
96.5
134.3
206.8
121.4
147.0
225.2
148.3
152.1
235.3
121.1
146.7
183.2
114.3
158.2
204.9
132.2
137.3
253.6
111.6
162.9
255. 9
2,500
405.4
294.3
204.6
200.8
426.7
152.0
412.2
282.1
52, 392. 1
4
GAS EQUIPMENT (RESIDENTIAL)
Furnaces, gravity and forced-air, shipments, thous..
Ranges, total, sales
do
Water heaters (storage), automatic, sales
do
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production {_-thous. sh. tons.. 1 6, 617
Exports
do
735
Price, wholesale, chestnut, f.o.b. car at mine
$ per sh. ton.. 29. 972
Bituminous:
Production }
thous. sh. tons._ 1603.406
i 6,203
640
540
66
'455
89
530
45
495
102
595
56
550
21
655
63
530
14
440
24
525
21
520
66
555
80
'630
75
490
44. 856
46. 428
46. 428
46. 428
46. 428
46. 428
46. 428
46. 428
46. 428
46. 428
46. 428
46. 428
46.428
46. 428
46. 428
55.560 60.030 52,410 53.115 51,495 52, 630 60, 050 57,850
9 Includes data not shown separately.
t Monthly revisions back to 1973 are available upon request.
O Effective 1976, data reflect additional reporting firms.
56, 605
58, 430
43,250
55. 730 45. 560 51.160
' Revised.
» Preliminary.
1 Annual data; monthly or quarterly revisions not avail.
2
Excludes figures for rubber-tired dozers.
3 For month shown.
< Data
cover 5 weeks;
7
other preiods, 4 weeks.
« Quarterly beginning 1976.
a Aug.-Dec.
May-July.
640.000
SURVEY OF CURRENT BUSINESS
August 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
| 1975
Annual
S-35
1975
June
July
Sept.
Aug.
1976
Nov.
Oct.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
3 979
366 9
5 780
366 4
5 667
366 0
6 569
365 8
366 7
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
Bituminous— Continued J
Industrial consumption and retail deliveries,
552, 709
total 9
thous. sh. tons
Electric power utilities __
_. __
do _ _ 390, 068
Mfg. and mining industries, total
do_ _ 153, 721
Coke plants (oven and beehive)
do
89, 747
Retail deliveries to other consumers. _
554, 622
403, 249
145, 667
83, 193
44, 727
30,120
11, 269
6,921
47, 496
36, 186
10, 822
6,638
49, 102
37, 759
11, 023
6,564
43 829
32, 361
11, 088
6,287
44, 563
32, 717
11,519
6,659
335
486
318
378
324
_-do ....
8,840
5,682
Stocks, industrial and retail dealers', end of period,
total..
__ __
thous. sh. tons__
Electric power utilities _ _ __
_ __ _ do ...
Mfg. and ruining industries, total
do
Oven-coke plants..
do
95, 528
82, 631
12,617
6,037
127, 159
109, 707
17, 175
8,671
115,014 109, 313 108, 680 112 102
96,839 92 995 93, 051 96 621
17, 796 15, 884 15, 204 15, 039
10,009
7,340
8,126
7,003
45
33
12
6
545
199
020
485
50 290
37 249
12,716
6,716
52 484
39 855
12 326
6,732
45 358
33 448
11,735
6,605
324
324
303
175
120,371 125 813 127 159
104 227 109 273 109 707
15, 861 16, 277 17, 175
7,729
8 671
8 468
119 408 118 509
104 456 102 926
14, 793 15,217
8,115
8 514
280
277
379
434
425
442
283
59, 926
339. 5
65, 669
387.0
6,269
386.0
4 691
382 0
5,859
377.3
4 529
372 4
4 647
370 2
2727
56, 494
25, 848
4,427
2,198
4 250
2 220
4 527
2,307
49
55
4 532
2,259
40
55
4,765
2,140
4 365
2 115
4 549
2 286
4 551
2 201
4 372
2 036
5 Q4i
4 884
5 133
4,996
4,718
278
1,472
2,889
2,741
148
1,216
3 522
3 323
3 821
3 618
4 108
3 899
4 522
4 291
4 996
4 718
5 092
4 820
4 994
4 737
5 J05
4 847
5 062
4 808
4 992
4 736
1 435
1 477
278
279
1 283
3 867
3,654
213
1,325
1 565
1 472
1 502
1 539
1 605
1,278
1,273
138
105
89
117
93
52
74
55
92
87
116
133
137
Crude petroleum:
Oil wells completed
__
number
2 12, 784
Price, wholesale
Index. 1967 = 100..
211.8
Gross input to crude oil distillation units.. mil. bbl 4, 631. 6
Refinery operating ratio
% of capacity87
16, 338
245.7
4,709. 3
86
1,246
256. 0
385.6
86
1 229
250.4
414 9
89
1,272
256.1
416.9
1 504
256.1
401 5
1 633
257.8
397 3
1 619
261.0
394 6
1 465
263.2
403 6
1 726
242.4
412 2
1 501
246.1
1 500
247.8
1 312
254.3
86
1 341
242.3
388 1
88
1 237
245.3
87
1 817
262.6
411 4
88
220.5
228.9
239.1
4.70
AQ C
Retail dealers
do...
Exports
_
Price, wholesale.
do
Index, 1967=100
263
277
159
366
7 593
363 0
4 534
370 1
3 697
368 9
3 050
368 0
COKE
Production:
845
Beehive
_ _
thous. sh. tons
2 60, 737
Oven (byproduct). _ __ . __ __ _ ___ do..
24, 749
Petroleum coke§
do
Stocks, end of period:
Oven-coke plants, total
do
935
At furnace plants
.
_ _ _ do
910
At merchant plants
__ __
do. .
25
Petroleum coke..
__ do
1,084
Exports..
__-_.-
_ do
52
52
199
53
62
203
60
209
57
231
49
257
54
258
254
256
PETROLEUM AND PRODUCTS
All oils, supply, demand, and stocks:
New supply, total eft
Production:
Crudo petroleumj
... _.
Natural-gns plant liquids
Imports:
Crude and unfinished oils
Refined products! _ ...
.
Distillate fuel oil}
Residual fuel ollj
Jet fuel
Lubricants
Liquefied gases.
.
5,860. 8
465.1
495.3
501.9
500.5
505.0
489.4
500.7
509.7
476.2
509.4
3,202. 6
629.2
3,052. 0
609.7
252.3
50.6
258 1
51 8
255 4
59 5
248 0
48 4
257 6
52 2
248 1
50 4
255 4
52 2
254 6
50 2
237 7
48 8
253 4
51 1
do __
do
1,313.4
917.6
1,511.1
687.8
118.4
43.8
131 3
54 1
143 1
51 0
141 5
6° 7
137 3
57 9
139 5
51 3
139 9
53 1
144 o
60 9
123 7
66 1
147 8
57 1
65.3
311.8
1.8
15 2
20 6
40 4
8.8
23 5
—46 7
—44 3
— 18 4
—9 7
6,158. 7
6, 022. 6
475.1
494 4
495 1
479 9
512 5
476 6
565 7
579 7
509 9
539 6
1.1
79.4
2.1
0
6.7
Q
Q
74.3
5 g
6 3
do
do
do
6,078. 2
2, 402. 4
64.4
5, 946. 2
2, 450. 3
58.0
468.3
213 5
4.0
488 6
219 7
3 0
do
do
do
1,075.9
963.2
362.6
1,039.8
888.0
365.3
68.0
65.4
29 7
65 5
69 4
29 6
do
56.7
168. 7
513.1
50.1
147.4
486.4
17.1
29.7
18.3
36 5
1 121 1 1 133 0 1 071 2
265 0
271 4
276 1
113.6
113.7
119.9
742.5
747. 9
675 1
1 O8A A
9fizl 9
do
do
Stocks, end of period, total
do
Crude petroleum _
do
Unfinished oils, natural gasoline, etc .. do
Refined products
..
do
Refined petroleum products:
Gasoline (incl. aviation):
Production
Exports
Stocks, end of period _
do
do
do
Prices (excl. aviation):
Wholesale, regular
Index, 2/73=100..
Retail (regular grade, excl. taxes), 55 cities
(mid-month)
_. _
$ per gal
Aviation gasoline:
Production
mil. bbl
Stocks, end of period
do
Kerosene:
Production
do
Stocks, end of period..
.
do
Price, wholesale (light distillate)
Index, 1967=100..
4.5
4.2
o
5 g
o
o
Q
9
50
81
4 8
7Q
57
488 8
218 6
33
473 1
203 9
38
506 7
211 5
4 5
471.6
192 8
4 4
557.6
212 0
8 5
574 9
199 92
9
502 9
182 3
6 3
533.9
°14 7
4 9
67 4
65.6
32 4
64 9
69.9
31 ?
82 9
69.4
30 9
76 3
70.5
30 0
117 1
84.6
28 2
133 2
93 5
20 4
106 6
84.9
28 0
103 2
84.0
29 9
4.6
6
4.4
Q
4.9
3.7
4.4
3.8
o
4.1
(i)
5.3
11.5
42 5
5.9
54 3
1 9106 9 i 147 o 1 1 f\fi i 1 179 6
' 56 6
''50 4
269 6 ' 271 0
118 1
114 6
115 6
113 4
116 3
793 i
732 9
705 9
773 3
773 1
1 i QO f)
113 7
747 9
113 7
685 6
113 5
679 4
9
83 1
118 9
658 5
19.1
37 2
18.9
37 3
17.7
43 9
5.1
57 5
5.0
44 o
7.9
40.4
9
1 Ofif) 5
O TA
2, 337. 5
1.0
228.3
2, 393. 6
.8
238.0
218 5
m
215 2
214 6
206 0
200 3
199 4
218 4
999 9
224 5
235 3
211 3
3
238 0
201 8
210 0
943 4
188 6
4
251 8
241 9
178.4
211.8
206.8
215.5
228.9
233.7
229.5
227.3
226.4
221.6
218.9
455
45°
474
480
480
235.1
40-1
233.0
404
476
4 7fi
4.ft9
456
AK.C)
15.9
.1
3.5
13.7
.1
3.0
0)
2.9
56.9
16.9
55.7
15.6
15.4
201.2
(i)
1.1
2.8
1.3
0)
2.7
3.7
(i)
1.5
0)
2.9
0)
1.3
0)
2.8
4.4
4.4
17.2
17.8
226.7
285.6
284.6
283.7
299.1
r
Revised.
i Less than 50 thousand barrels.
2 Reflects revisions not available by
terminals be inninC°5Parable with data for earlier Periods because stocks cover 100 additional
297.9
85
6,062. 7
.._ do
do_._
Domestic product demand, total 9 1
Gasoline. _ _ ._
Kerosene
88
do
do
mil. bbl
Change In stocks, a!! oils (decrease,— ) . _ _ do
Demand, total t
Exports:
Crude petroleum
Refined products
89
16.0
m
(i)
m
1.5
1.3
.8
.7
.8
0)
2.9
0)
3.1
0)
30
0)
2 9
.2
2 9
4.4
4. 7
18.2
58
15 6
56
11 9
5 4
11 4
17.8
2
Afi1
(l)
2.8
11.7
303.2
304.9
305.3
310.5
316.6
307.8
310.8
9 Includes data not shown separately.
§ Include? nonmarketable catalyst coke.
^Includes small amounts of "other hydrocarbons and hydrogen refinery input," not
shown separately.
JMonthly revisions back to 1973 are available upon request.
299.4
304.2
313.5
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
| 1975 *
Annual
August 1976
1975
June
Aug.
July
Sept.
1976
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Distillate fuel oil:
Production
mil. bbl
Imports^do
Exports
do
Stocks end of period
do
Price, wholesale (middle distillate)
Index, 1967=100..Residual fuel oil:
Production
mil bbl
Imports^
do
Exports
do
Stocks end of period
do
Price, wholesale
Index, 1967=100.. _
77.2
2.0
80.3
3.3
80.4
2.9
84.4
3.9
85.1
3.2
83.0
2.9
86.3
3.9
84.8
5.0
85.9
5.7
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
974.0
105.6
.9
223.8
968.6
55.9
3
208 8
163 3
181 5
197 4
220 8
226 2
235 8
208 8
165 5
150.5
138 3
4.5
(2)
272.0
309.4
301.3
308.3
312.9
318.2
322.9
330.8
336.3
336.7
339.4
335.1
331.5
328.6
329.2
332.1
390.5
579.2
5.0
74.9
485.4
451. 0
435.9
5.3
74 1
495.5
34.6
27.1
.6
69.7
489.3
35.8
35.5
.5
71.5
479.9
35.5
30.4
.4
71.9
473.3
35.5
39.4
.6
76.9
458.1
36.1
37.8
.2
81.9
461.8
36.4
35.1
.4
83.1
450.4
42.0
34.1
1.0
74.1
459.3
43.9
42.0
.4
66.6
451.8
40.4
47.2
.9
68.9
445.2
39.4
.3
65.1
454.8
453.8
453.6
440.1
431.9
305.1
29.8
318 0
30 4
25.2
29.3
27.4
29.8
29.7
31.1
27.2
31.3
26.8
30.4
25.9
29.0
26.3
30.4
27.6
30.6
26.6
31.2
32.6
70.7
11 9
16.1
56.2
91
14 3
4.6
.7
14.9
4.8
.9
14.7
4.7
.7
14.2
4.8
.7
14.0
5.1
1.1
13.3
5.0
.6
14.2
5.1
.7
14.3
4.4
.5
14.6
4.3
.9
14.0
.6
13.0
mil. bbl
do
164.2
21.6
144.0
22 8
14.4
29.6
16.6
28.4
16.2
26.3
14.8
22.6
14.5
19.8
11.6
20.2
8.3
22.8
6.8
24.9
6.9
27.0
28.0
Liquefied gases (Incl. ethane and ethylene) :
Production total
mil bbl
At gas processing plants (L P G )
do
At refineries (L R O )
do
P
571 3
447 9
123 3
112 5
557 5
444 1
113 4
125 1
45 5
35 8
9.7
124 1
48 9
37 8
11.1
138 5
44.8
35.0
9.8
141 6
47 4
37-8
9.6
140 6
46 2
36.9
9.3
138 1
48 1
38 4
9.6
125 1
46 7
37.2
9.5
109.0
45.1
36.0
9.2
105.5
108 5
Jet fuel :
Production
Stocks end of period
mil bbl
do
Lubricants:
Production
Exports
Stocks end of period
do
do
do
Asphalt:
Production
Stocks end of period
47
37
10
131
6
2
4
2
37.6
35.7
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks end of period
thous cords (128 cu ft )
do
do
77 302
74 459
7 238
65 096
65 730
6 845
5 027
5 244
5 834
5 010
6 330
5 497
5 476
6 346
5 448
5 371
6 411
6 537
6,297
6 727
5 829
5 908
6 627
5 672
5,490
6 845
6 031
6,163
6,799
6,279
6,130
7 008
6 338
6,595
6 839
6,026
6,477
6,595
5,873
6,361
6,014
Waste paper:
Consumption
Stocks, end of period
thous sh tons
do
12 106
848
9 093
731
750
744
696
752
770
740
784
744
871
768
809
717
762
731
842
694
828
633
905
663
'872
'660
882
647
48 417 4 40 997
1,367
1,723
33 010 3 29 358
2,025
2 210
4,414
4,711
(4)
2 729
4,035 3 3, 419
3 208
111
2 334
149
342
3 171
88
2 307
153
360
3 569
107
2 583
166
397
3 396
' 87
2 436
179
389
3 919
'133
2 847
186
421
3 724
127
2 685
183
406
3,371
132
2,404
166
375
3,935
123
2,779
179
420
3,850
120
2,741
174
402
4,155
147
2,951
187
425
4,082
130
2,901
182
404
4,124
125
2,954
187
395
272
263
315
305
333
323
292
435
413
444
465
464
1,024
497
440
87
1,258
710
484
63
1,231
682
475
74
1 140
611
465
65
1,041
540
448
53
1 124 s 1,113 s 1, 024
5497
635
5633
440
441
421
87
59
49
1,062
562
431
69
1,083
574
448
60
1,032 ' 1, 101
606
531
441
••437
'57
60
1,107
626
430
50
1 2, 565
692
3, 257
208
36
173
183
58
124
218
55
163
207
59
149
161
44
117
186
52
134
240
58
298
206
76
130
209
54
155
214
73
141
178
54
124
229
69
160
216
57
159
1
278
24
254
267
11
256
223
12
211
242
4
237
255
11
244
237
8
230
283
21
262
318
23
295
280
8
272
313
20
294
298
7
291
316
18
299
344
7
337
4,562
1,992
2,142
8
420
5 144
2 258
2,427
8
451
4 708
2,083
2,218
7
401
4,533
2,106
2,071
7
348
4,940
2,249
2,287
9
396
4,800
2,147
2,236
8
408
5,394 r 5, 194
2,392 ' 2, 284
2,511 '2,438
'9
10
'463
481
5,137
2,265
2,400
10
463
WOODPULP
Production:
Total all grades
thous sh
Dissolving and special alpha
Sulfate
Sulflte
Groundwood
Deflbrated or exploded screenings etc
Soda and semichemical
tons
do
do
do
do
do
do
Stocks, end of period:
Total all mills
Pulp mills
Paper and. board mills
Nonpaper mills
do
do
clo
do
1,177
440
637
100
Exports, all grades total
Dissolving and special alpha
All other
do
do
do
* 2, 802
788
i 2, 015
Imports, all grades, total
Dissolving and special alpha
All other
do
do
do
1
1
4, 123
221
3, 902
1
1
3, 078
140
2, 937
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census) :
59, 934
52 297
4 209
4 147
4 613
All grades total unadjusted thous sh tons
1,849
26,8B1
Paper
do
23, 370
1,850
2 006
27,892
24, 233
1,951
1,881
Paper board
do
2,137
7
g
6
144
Wet-machine board
do
91
5,037
411
403
Construction paper and board
do
4 577
435
Wholesale price indexes:
140.9
Book paper A grade
1967 — 100
152.2
169.9
170.3
170.6
170.0
Paperboard
. _ ..
do .
127.1
126.2
127.4
Building paper and board
do
123.5
127.7
r
Revised.
*> Preliminary.
1
2
Reported annual total; revisions not allocated to the months.
Less than 50 thousand
barrels.
3 Beginning with January 1975, data for soda combined with those for sulphate;
not comparable with data for earlier periods.
174.8 175.9
178.4
172.9
177.1
170.1
171.7
169.7
171.3
170.6
170.6
141.2
138.2
139.5
133.2
137.0
136.4
131.2 131.4
131.7
131.3
128.8
4
Beginning March 1975, data for defibrated ors exploded, screenings etc., not available;
not comparable with those for earlier periods.
Data exclude small amounts of pulp because reporting would disclose the operations of individual firms.
JMonthly revisions back to 1974 are available upon request.
SURVEY OF CUERENT BUSINESS
August 1976
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the edition of 1975 BUSINESS STATISTICS
1975
S-37
1976
1975
June
Annual
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Selected types of paper (APT):
Groundwood paper, uncoated:
Orders new
thous. sh. tons
Orders unfilled end of period
do
Shipments
do
Coated paper:
Orders new
do
Orders unfilled, end of period
do
Shipments
,
- - do
Uncoated free sheet papers:
Orders, new
do
Shipments
do
Unbleached kraft packaging and industrial converting papers:
Orders new
do
Orders unfilled end of period
do
Shipments
do
Tissue paper production
do
••1,252
'230
1,189
102
195
84
89
197
90
114
202
101
105
207
97
144
236
122
118
232
119
111
230
115
108
234
113
106
181
111
104
175
110
122
245
114
104
166
116
3,642
296
3,832
r
r 3, 212
238
203
249
252
206
252
264
199
272
263
199
260
343
252
303
301
245
277
297
264
311
350
273
321
315
211
310
365
231
354
351
318
327
336
309
332
6,355
6,946
' 5, 399
'5,471
418
441
459
450
457
489
499
489
600
558
555
535
557
546
546
574
498
543
557
••599
554
'582
505
568
4,135
4,187
4,092
3,422
149
3,406
'4,018
273
121
270
327
272
127
263
311
316
131
312
345
319
149
307
322
316
135
330
366
294
135
293
356
302
149
288
334
364
345
'370
'350
352
do
do _
do
9,548
9,597
143
7,679
7,727
95
759
787
289
645
651
283
597
623
258
510
530
237
487
518
206
379
488
137
324
365
95
370
339
126
552
484
214
812
781
225
806
792
239
812
806
245
812
823
234
do
do
do
3,481
3,480
25
3,614
3,613
288
285
39
289
294
34
327
320
42
298
302
38
329
336
30
310
308
33
282
294
21
330
330
21
298
298
20
326
323
23
302
303
21
308
301
28
305
308
25
Consumption by publishers c?
do
Stocks at and in transit to publishers, end of
period
thous sh tons
7,022
6,364
529
482
507
515
565
583
546
498
505
531
559
570
534
827
734
1,046
1,090
1,104
1,045
983
837
734
664
652
687
760
760
788
Imports
do
Price, rolls contract, f.o.b. mill, freight allowed
or delivered
Index, 1967=100 .
7,399
5,847
552
537
440
435
394
289
316
270
302
603
645
543
610
151.2
184.0
184.7
184.7
184.7
184.7
184.7
184.7
184.7
184.7
184.7
190.1
193.1
197.9
197.9
202.7
342
876
482
1,165
473
856
469
981
497
997
520
1,093
563
1,198
543
1,233
482
1,165
512
1,163
583
1,231
578
1,268
576
1,256
582
1,232
586
555
1,188
505
1,214
583
18, 204
17 441
Newsprint:
Canada:
Production
Shipments from mills
Stocks at mills end of period
_-
United States:
Production
Shipments from mills
Stocks at mills end of period
Paper board (American Paper Institute):
Orders, new (weekly avg.)
thous. sh. tons...
Orders, unfilled §
_ _
do
Production, total (weekly avg.) ._
_ do . Paper products:
Shipping containers, corrugated and solid fiber
shipments
mil sq ft surf area
Folding paper boxes
thous. sh tons
mil $
1,255
167
1,246
135
3, 138
264
21
475
423
515
556
476
1216 072
U94 329
15,441
15,816
16, 778
18 360
25600
1 700.0
2,380 0
1, 755. 0
195.2
144.9
189.0
139.7
200.5
146.8
214.4
157. 7
486
550
487
19, 811
15,851
15 959
227.6
168 1
191 5
141.5
208.0
155.7
565
546
17, 414
566
16, 705
580
18 875
206 0 r 188. 9 rr 235. 9
153.4 • 142. 5
174. 8
' 202. 5 ' 218. 8
' 153. 8 ' 162. 2
568
494
19, 229
227.1
170.8
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous metric tons
Stocks, end of period
do
Imports, incl latex and guayule thous Ig tons
Price, wholesale, smoked sheets (N.Y.)._$ per l b - _
Synthetlc rubber:
Production
Consumption
Stocks, end of period
thous metric tons
do
do
Exports (Bu. of Census)
Reclaimed rubber:
Production ..
Consumption
_
Stocks, end of period
719 05
137. 54
681 32
633 60
105. 38
656 60
55 09
125. 15
58 41
46 77
118 69
52 73
51 98
116 75
59 72
58 04
107 05
54 29
58 74
104 91
57 15
44 76
110 69
66 21
50 50
105 38
62 20
66 07
55 57
72 12
69 38
46 75
65.71
.398
.299
.293
.318
.303
.308
.300
.300
.308
.330
.358
.370
.388
.405
.440
2 498 22 1 940.76
2,355 82 1, 805. 91
369. 86
618. 70
149 78
153. 40
408. 20
144 89
137. 57
390. 78
172 71
153. 10
378. 87
181 99
164 07
368 01
194 35
179 44
358. 94
185 72
139 70
365. 33
189 24
146. 59
369. 86
21 24
22 55
25.14
21. 38
22 55
22.48
thous Ig tons
267 12
214. 50
16 78
16.24
18.36
19 28
20 64
21 15
22 57
thous metric tons
do
do
153 27
144. 57
15 47
78.90
100. 22
11.66
6.74
9.54
12.83
4 99
7.65
11.37
5.80
9.53
12 64
6 36
9.26
12 02
6 46
8.17
10 35
6 58
7.26
11 56
4 22
6.99
11 66
.401
TIRES AND TUBES
Pneumatic casings, automotive:
Production
thous
211 390
186 705
16 678
14 531
16 413
17 878
18 821
15 212
16 215
17 598
18 200
20 552
16 085
9 856
Shipments, total
Original equipment
Replacement equipment
Exports
do
do
do
do
209 418
55* 245
145* 449
8 724
196
47
142
6
281
452
706
122
19 384
4 469
14 393
17 888
3 342
14 156
16 332
3 852
12 007
14 056
3 998
9 667
21 843
6 054
15 142
518
461
14 615
4 769
9 299
'547
19 327
5 553
13 394
569
13 854
3 988
9 352
22 225
5 812
15 946
473
18 680
4 856
13 256
16 410
4 919
10 952
390
19 883
5 206
14 159
648
467
380
Stocks, end of period
Exports (Bu. of Census)
do
do
55 242
9 229
50 020
6 124
49 803
46 990
47 405
45 711
46 002
50 020
53 172
55 395
40 259
470
482
435
54 837
49 125
547
47 569
609
532
408
Inner tubes, automotive:
Production. _
Shipments
Stocks, end of period
Exports (Bu. of Census)
do
do
do
do
41 415
46 227
8 755
3 608
32
34
9
3
2 788
3 118
9' 474
3 103
3 414
9 307
2 380
2 678
9 260
2 305
2 542
9 212
2 675
2 941
9 133
'309
2 790
3 043
9 028
*283
3 166
3 610
8 747
2 478
3 094
8 441
1 477
2 803
7 380
584
581
212
998
522
495
2 685
3 099
9 669
390
435
2 497
2 889
9 476
217
491
9 703
9 779
9 546
' Revised.
* Preliminary.
1 Reported annual total; revisions not allocated to months.
tf As reported by publishers accounting for about 75 percent of total newsprint consumption.
267
215
455
514
529
352
419
300
539
402
260
263
387
278
§ Monthly data are averages for the 4-week period ending on Saturday nearest the end of the
month; annual data are as of Dec. 31.
SUKVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1975
1974
Annual
August 1976
1976
1975
June
July
Aug.
Oct.
Sept.
Dec.
Nov.
Jan.
Feb.
Mar.
Apr.
May
June
July
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
thous. bbl__
1
431 ,516 366, 984
36, 266
38,910
39, 176
38, 941
41,745
28, 346
22, 782
17, 660
20,484
28,090
33, 128
34, 468
39, 910
553.8
589.2
6.4
588.3
570.5
625 0
501.2
440.5
343.6
457.5
589.1
640.8
' 589. 0
633.3
7.7
111.1
114.7
115.5
109.1
118 9
95 9
76.5
65.3
69 2
106.5
100.3
r
108.1
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglozed (common and face)
mil. standard brick.. 6,673.0
Structural tile, except facing
thous. sh. tons..
99.7
Sewer pipe and fittings, vitrified
do-_
1,454.1
Faclng tile (hollow) , glazed and unglazed
mil. brick equivalent
96.9
Floor and wall tile and accessories, glazed and unglazed
mil. sq. ft
273.2
Price Index, brick (common), f.o.b. plant or
N.Y. dock
. .
1967=100
143.5
5, 854. 0
88.5
1, 189. 9
6.6
7.3
6.8
5.5
7.4
5.4
8.7
8.8
7.2
79.1
6 0
7 5
6 4
7 2
70
5 8
7 3
4.7
4 9
6.5
5.1
235 6
19 2
20 2
20 1
20 3
21 5
18 3
18 5
19 1
18 6
22 9
21.3
160 5
159 9
160 7
163 0
165 6
167 5
168 7
168 7
170 1
170 9
171 7
173 2
6.4
100. 0
r
6.5
4. 4
6.0
21. 4
25 3
174 3
175 2
r
175 7
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
thous. $
543,382
467,994
105,183
131, 143
145,938
153, 874
do
do
132, 541
410, 841
76, 229
391,765
15 026
90,157
20 172
110, 971
25509
120 429
27 714
126, 160
283, 055
24,250
Sheet (window) glass, shipments
Plate and other flat glass, shipments
Glass containers:
Production!
thous. gross.. 280, 397
Shipments, domestic, totalj
Narrow -neck containers:
Food
.
Beverage.
Beer
Liquor and wine
273,709
25 388
29 456
do
do
do
do
24,491
65 631
66 605
22 568
25
64
76
23
266
418
835
406
2 128
6 336
7 439
1 094
2 248
7 710
7 894
1 877
59, 709
59 180
5 042
6 754
Wide-mouth containers:
Food (inch packer's tumblers. Jelly glasses,
and fruit Jars) |
thous. gross
Dairy products...
do
Narrow-neck and Wide-mouth containers:
Medicinal and toilet
do
Chemical, household and industrial
do
Stocks, end of periodt
25,341
do
do
148
279 022
107
10
30 231
4,326
25 775
4,035
2 060
37 500
37, 666
38 109
*9751
9,181
2 320
2 151
399
8
2 514
451
33 569
25,241
26974
23 830
23 454
23 869
2 978
5*280
7 260
1*801
2 929
4 723
6 512
1 906
2
4
6
2
009
762
365
320
4 298
4 844
5 587
25,297
6
1 897
310
34 613
9
11
22,929
19, 947
23, 843
24 118
26,173
24,693 r 26, 220
26, 089
20973
22 212
22 590
91 546
31 382
20415
r
24 083
26 073
1 590
4 747
5*481
2 060
1 643
5 785
6 000
1 937
1 965
4 422
6 402
1 874
2 o?6
4 429
6 222
1 679
2 907
7,497
6 771
2 620
1 973
4 754
5 824
1 504
2 252
5,324
1 702
2 307
6,254
7 413
2 024
4 687
4,448
4, 936
4 564
7,763
4,028
r
4, 265
4,922
2 257
r
2, 517
2,762
541
391
41, 626
42, 359
7
3,351
2,045
473
287
38 598
40 815
35483
39,497
2 773
2,366
865
787
753
722
883
916
2 097
310
292
38 618
40 391
37, 666
2 791
2 444
2 435
361
35 °28
(3)
369
2 091
380
2 170
3
10
r
7 482
r
2 508
483
r
GYPSUM AND PRODUCTS f
Production:
Crude gypsum (exc. byproduct)
Calcined (exc. byproduct)
thous sh tons
do
Imports, crude gypsum (exc byproduct)
Sales of gypsum products:
Uncalclned
.
Calcined:
Industrial plasters
Building plasters:
Regular basecoat
All other (incl. Keene's cement)
Board products, total
Lath
Veneer base
Gypsum sheathing
Regular gypsum board
Type X gypsum board
Predecorated v/allboard
* 11 999
110,993
1
do
7 424
5 448
1 249
1 537
1 474
396
486
335
do
5 262
4,878
1 245
1 343
1,451
379
247
312
do
322
293
74
73
79
26
23
27
215
416
176
360
44
90
47
96
43
85
13
25
864
13
22
17
1,125
49
79
56
13
21
901
14
23
17
462
33
686
149
12
661
139
12
do
do
mil. sq ft
do
do
do
do
do
do
12,852
260
359
237
9 408
2 421
168
10, 804
2 608
2 934
2,929
8 214
1 790
1 980
2 247
2,250
182
292
198
42
69
49
51
85
56
434
33
127
462
35
17
31
18
32
23
859
177
16
TEXTILE PRODUCTS
FABRIC (GRAY)
Knit fabric production off knitting machines (own
use, for sale, on commission), qtrly*
mil Ib
Knitting machines active last working day* thous
2 Oil 3
46 6
Woven fabric (gray goods), weaving mills:
Production total 9
mil linear yd
Cotton
do
Manmade
fiber
do
n
Cotton
Manmade
Cotton
Manmade
fiber
__.
fiber
COTTON
Cotton (excluding linters):
Production:
do
do
do
do
(\K.A
4 987
5 977
•I 9QA
560
725
1 707
713
1,071
9 777
4 326
5 356
1 099
489
605
2 590
1,144
1,414
77n
348
415
1
1 0C
502
678
675
477
9,544
9,528
945
7,431
1,152
6,575
6,566
529
4,865
1,172
373
527
505
5,481
5,464
275
4,063
1,126
13, 662
13, 646
9,131
3,430
1,085
r
2
Revised.
1 Annual total; revisions not
allocated to the months or quarters.
Data
3
cover 5 weeks; other months, 4 weeks.
Effective
January 1976, "dairy products'" are
4
included in "Food, wide-mouth containers."
Crop for the year 1974.
s Crop for the
year 1975.
6 Aug. 1 estimate of 1976 crop.
® Bales of 480 Ibs.
New series. Source: BuCensus. Data cover warp and weft knit yard goods and knit
garment lengths, trimmings, and collars: no quarterly data prior to 1974 are available.
JMonthly revisions for Jan.—Mar. 1975 are available.
9 Includes data not shown
separately.
497
594
506
644
169
2
1 096
1 154
30
1,240
11, 486
11,476
2,037
8,413
1,026
498
665
1,327
881
935
r 5 8 296
6,142
1 168
808 2 i 051
349
2 447
2 595
450
2 582
1,126
1,428
9 981
r S 8 151
814
364
442
9 ggg
"'984
1,390
9 1^
4 11 328
4 11 537
6,617
thous. running bales--
Consumption
Stocks In the United States, total, end of period 9
thous. running bales..
Domestic cotton, total
do
On farms and in transit
do
Public storage and compresses
do
Consuming establishments
do
2 795
2 354
2 434
1 175
' 495
531
499.6
47.7
509.8
47 1
526 3
48 5
1 952 1 500 7
47 1
48 4
r
1 087
2 581
1,019
1,531
2 767
r 5 794
550
7 603
2624
907
375
522
1 140
1 123
2 551
1,' 116
1,403
2 590
1,144
r
882
373
502
528
606
489
605
488
595
2 608
1,077
1,501
2683
2 980
2388
2
582
1 099
834
352
474
r
488
630
2 605
1,134
1,425
8 055
570
2 1 101
2
466
622
1 115
6
2
472
638
? 723
1,294
' 82
r I
U9Q
448
r
-•638
2 731
1,277
885
369
505
1 069
410
654
r 1 41 H
2 774
1,224
i ^11
542
552
—,
47
r 5 8, 151
r 5 8, 296
559
2712
r
2
692
610,730
453
5,244 ' 4, 301 3,585
6,194
6,922
8,706
8,058
9,544
12,702 11,775 10,618
3,537
5,200 »• 4, 258
6, 147
6,903
8,041
8,689
9,528
12,684 11,759 10,608
150
208
176
284
360
710
945
698
3,573
8,728
6,721
3,694 'r 2, 838 2,208
4,460
5,322
6,114
6,870
7,431
6,000
2,910
4,045
1,179
I
,
244
1,298
1,327
«
1,
297
1,121
1,217
1,152
1,035
1,037
993
cfStocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
toweling,
and blanketing, and billed and held stocks of denims.
r
Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
and stocks exclude figures for such finished fabrics- Orders also exclude bedsheeting, toweling,
and blanketing.
ACumulative ginnings to end of month indicated.
fBegmning Jan.
c
1976, data are shown on a monthly basis.
Corrected.
SURVEY OF CURRENT BUSINESS
.gust 1976
•less otherwise stated in footnotes below, data
hrough 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
S-39
1976
1975
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
TEXTILE PRODUCTS—Continued
COTTON— Continued
otton (excluding linters)— Continued
Exports __ _
_
_
thous. running bales
Imports
thous. net-weight Q bales
Price (farm), American upland
cents perlb
Price, Strict Low Middling, Grade 41, staple 34
(l^ie*)» average 10 markets .
cents per Ib
5,170
46
142.7
3,840
50
« 49.9
392
4
38.9
w
40.6
356
325
1
43.5
258
19
47.2
226
1
49.7
176
1
49.5
237
6
49.6
214
3
50.5
141
3
51.7
381
37
52.8
302
9
50.2
327
3
57.1
315
6
'68.0
76.5
U1.7
853.1
42.8
45.6
48.4
50.7
50.4
50.9
55.1
57.2
57.0
55.5
57.2
62.1
72.7
78.7
17.3
8.8
106.2
.408
55.5
17.1
8.0
93.2
.352
46.5
16.8
8.5
7.2
.360
3.7
16.8
8.4
28 2
.328
24.1
17.0
8.4
7.8
.392
3.9
16.9
8.3
8.1
.403
4.0
17.1
8.4
210.5
.421
25.2
17.1
8.3
8.4
.418
4.1
17.1
8.0
29.4
.378
24.4
17.1
7.9
8.7
.435
4.0
17.2
7.9
8.6
.428
3.9
17.1
7.9
2 10.8
.431
25.0
17.1
7.9
8.5
.426
3.9
'17.1
7.9
'8.6
'.432
4.0
17.1
'7.8
210.6
.425
'24.9
15.2
12.3
13.3
12.8
12.5
15.9
13.3
12.9
COTTON MANUFACTURES
Ipindle activity (cotton system spindles) :
Active spindles, last working day, total
mil..
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total.
_bil_.
Average per working day
do
Consuming 100 percent cotton.
do
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly )
mil lin yd
Orders, unfilled, end of period", as compared with
avg. weekly production
No. weeks' prod..
Inventories, end of period, as compared with
avg. weekly production
No. weeks' prod..
Ratio of stocks to unfilled orders (at cotton
mills) , end of period
Exports,rawcotton equiv thous. net-weight0bales
Imports raw cotton eouiv
do
4,095
979
312.3
11.6
14.0
14.6
13.6
12.3
33.9
35.9
5.6
6.7
5.2
5.3
4.8
4.9
5.5
5.0
4.8
4.6
4.6
4.1
3.9
3.30
531.5
568.4
3.50
488.3
487.1
.48
37.5
29.8
.44
34.3
32.7
.42
38.1
40.6
.40
41.0
43.9
.38
49.8
63.9
.40
41.6
69.5
.34
39.9
77.5
.38
42.8
75.7
.37
41.6
60.9
.32
54.6
76.1
.31
48.0
69.6
.30
41.1
57.9
32
47.8
61.3
.27
.26
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. total
_
__mil. Ib
8,085.3 57,167.3 1,695.7
Filament yarn (rayon and acetate)-..
.do
366.1
533.4
101.7
Staple, incl. tow (rayon)
do
645.4
370.9
80.2
Noncellulosic, except textile glass:
Yarn and monofilaments
.do
3,443.0 s 3,208. 9
781.5
Staple incl tow
do
2,780.6 2, 676. 4
605.4
Textile glass
fiber
do
682.9
545.0
126.9
Fiber stocks, producers', end of period:
Filament yarn (rayon and acetate)
mil. lb._
618.6
34.0
57.5
Staple, incl. tow (rayon)
_.
do
51.2
73.9
55.3
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
.do
6280.6
392.3
255.5
Staple, incl. tow
do
232.1
233.0
321.3
Textile glass
fiber...
..do
98.1
102.4
101.1
Prices, manmade fibers, f.o.b. producing plant:
.61
.59
.56
Yarn: Rayon (viscose), 150 denier
do
1.18
Acrylic (spun), knitting 2/20, 3-6 D
do
1.32
71.28
1.27
Manmade fiber broadwoven gray goods ratio:
3.20
3.33
.33
6
682.7
132 0
116.6
923.4
791 6
141.0
925.8
854 8
154.7
896.7
853.1
159.9
619.8
44.9
618.6
51.2
«20.4
50.7
266.9
220 2
95.1
280.6
232.1
101.1
359.1
293.9
95.2
87.0
105 8
.56
.56
1.26
1.27
.30
.30
.58
.58
.58
1.36
1.40
1.40
.28
.23
.24
Manmade fiber and silk broadwoven fabrics:
Filament yarn (100%) fabrics 9
do
Chiefly rayon and/or acetate fabrics
do
Chiefly nylon fabrics
do
Spun yarn (100%) fab., exc. blanketing 9 -do ..
Rayon and/or acetate fabrics, blends
do
Polyester blends with cotton
do
Filament and spun yarn fabrics (combinations
and mixtures)
mil. lin. yd__
Manmade fiber manufactures:
Exports, manmade fiber equivalent
mil. lbs_.
Yarn tops thread cloth
do
Cloth, woven
do
Manufactured prods., apparel, furnishings__do__
Imports, manmade fiber equivalent
do
Yarn, tops, thread, cloth
do._
Cloth, woven
do
Manufactured prods., apparel, furnishings-. do..
Apparel, total___
do
Knit apparel
. . .
do
5,923.3 '5,278.7 1,278.8
1,962.7 1, 688. 2
410.5
431.5
90.7
325.7
76.8
346.0
279.0
736.5
3,308.8 '3,036.5
38.8
294.5 ' 173. 5
569.3
2,381.2 2, 359. 5
.58
.25
.26
.27
r 1 ^r\^ 1
462.0
82.7
63.2
' 877. 4
51.9
' 690. 9
1,369.3
408.5
76.6
65.9
806.8
44.1
637.9
.28
1,566.0
483.4
84.4
66.0
9
909. 8
51.0
714.4
87.9
329.8
257.1
54.0
390. 73
224.11
150. 34
166.63
371. 25
76.22
55.71
295. 03
252. 00
175.34
323. 73
188. 43
142. 89
135. 30
401. 70
70.62
55.41
331. 08
289. 00
194. 89
25.73
14.40
11.25
11.33
35.69
5.01
3.84
30.68
27.38
18.47
24.67
14.01
10.80
10.66
40.32
5.92
4.61
34.40
30.70
21.35
27.07
16.07
12.00
11.00
37.93
5.69
4.78
32.24
28.81
19.83
29.20
17.03
12.87
12.17
37.97
5.74
4.31
32.23
28.79
19.70
32.31
18.70
14. 89
13.61
41.04
6.65
5.23
34. 39
31.17
20.51
28.62
16.37
12. 57
12.24
35.15
6.90
5.47
28.25
24. 50
16.59
28.55
16.92
12.50
11.64
33.81
6.52
5.24
27.29
23.00
14.24
26.13
15.44
10.95
10.69
36.38
7.28
5.66
29.10
24. 27
15.57
27.22
15. 77
10.99
11.45
29.56
5.57
4.43
23.98
20.46
12.94
32.09
18.54
13.65
13.55
36.71
6.82
5.05
29.89
25.68
15.31
29.11
16.54
12.52
12.58
35.57
6.80
5.33
28.77
24.48
14.80
30.14
17.35
11.85
12.79
38.84
6.23
4.74
32.61
28.66
18.52
29.91
16.87
12.17
13.05
47.48
6.89
5.24
40.59
35.84
23.47
74.9
18.6
26.9
15.2
94.1
15.9
33.6
17.0
7.6
1.0
2.9
1.9
28.1
2
8.1
1.7
2.4
1.0
8.1
1.3
2.9
1.3
210.3
4.9
2.5
7.8
1.3
4.0
1.9
29.3
12
2^4
1.5
4.4
1.5
8.9
1.2
5.8
1.2
8.7
1.2
5.3
1.2
212.0
2 1.4
5.6
2.1
9.1
.9
5.9
1.7
8.8
'1.0
4.7
1.3
2 10.2
2 1.4
3.9
2.0
176.0
242.8
150.2
205.8
155. 6
209.0
153.8
206.8
171.2
204.3
172.5
198.5
172.5
197.3
172. 5
206.0
177.5
205.0
177.5
205.5
177.5
206.0
173.5
176.2
177.5
212.4
177.5
213.5
81.0
'78.0
19.4
83 0
7ft ^
3.1
1,200
1 164
4,714
313.8
1 051
7.8
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis) :
Apparel class.
mil. lb__
Carpet class
__
do
Wool imports, clean yield.
do
Duty-free (carpet class)
do
Wool prices, raw, shorn, clean basis, delivered to
U.S. mills: cT
Domestic— Graded territory, 64's, staple 2^"
and up._
cents per l b _ _
Australian, 64's, Type 62 duty-paid
do
*f Wool broadwoven goods, exc. felts:
Production (qtrly.)
mil. lin. yd..
20.4
21.5
21.3
'20.8
26.5
OO1 7
991 1
182.5
213.5
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other), shipments, quarterly
.mil. sq.yds..
939.1
834.0
212.9
Revised.
1 Season average.
* For 5 weeks; other m onths, 4 weeks,
3 Monthly
average.
4 Less than 500 bales.
s Beginning 1st qtr. 1975 , quarterl y data 01nit production and stocks of saran and spandex yarn; for 1974 ?ind 1975, such pro iuction ( included in
7
annual data) totaled 11.9 and 11.7 mil. Ibs.
« AcetJite only.
For ] 1 months.
s Season average to Apr. 1, 1976.
s Effective 1976, prodiaction of blanketiiig (totaling
11.1 mil. yd., 1st qtr. 1976) is included in 100% spun yarn fabi"ic; prior 1 o 1976 pr oduction of
r
such fabric (totaling 15.5 mil. yd., 4th qtr. 1975) is included in "all other group," not shown
Se ar
^ includes data not shown separately.
0 Net-weight (480-lb.) bales.
-roriMl
cf Effective Jan. 1976, specifications for the price formerly designated line good * rencii
combing and staple have been changed as shown above. Effective with the May 197b PURVEY
the foreign wool price is quoted including duty.
SURVEY OF CURRENT BUSINESS
S-40
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1975
1975
Annual
August 1976
June
July
Aug.
Sept.
1976
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
19, 022
20, 003
22,373
July
TEXTILE PRODUCTS—Continued
APPAREL
Hosiery, shipments
..thous. doz. pairs..
Men's apparel cuttings:
SuitsJ
thous. units
Coats (separate), dress and sportt
do ...
Trousers (separate), dress and sportt
do ..
Slacks (jeans-cut), casualj
thous. doz
Shirts, dress, sport, inc. knit outerwear J . do -..
217,905
1
16, 754
i 19, 098
i 158, 284
i 12, 294
1
36, 437
225, 514
21, 297
20 154
22, 844
20, 347
21 806
19 070
16, 853
17, 790
17,654
20 811
14, 380
10, 599
92, 685
12, 343
28, 113
1 199
876
7,229
1,045
2,253
894
734
6 605
818
1,891
1 315
745
8 171
926
2,466
1 211
776
8 975
1,039
2,490
1 489J
1 02 '
9 196
1 212
2 962
1 364
'816
8 009
1 088
2,561
1,227
875
6,667
968
2,149
1 478
1, 052
9 567
1 017
2,629
1,396
1,024
8,831
1, 056
2,736
1,453
1,020
10, 224
1,321
2,853
1 246 ' 1, 364
1,055 'r 1, 137
9,641
9,096
1,117
1,135
2,823 '2,611
1,350
1,150
8,863
1,242
2,536
TRANSPORTATION EQUIPMEiNT
AEROSPACE VEHICLES
Orders, new (net), qtrly. total
mil. $..
U.S. Government
do
Prime contract
do
Sales (net), receipts, or billings, qtrly. total—do
U.S. Government—
do
32, 704
19,390
30, 239
26, 849
15, 196
' 5,767
' 3,505
'r 5,113
7,417
' 4,198
8,584
5,788
7,832
7,580
4,803
Backlog of orders, end of period 9
do
U.S. Government
do Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units, and parts
mil $
Other related operations (conversions, modifications), products, services
mil. $..
35, 516 r 35, 038 a 33 552
20, 889 ' 22, 168 * 20,360
15, 489
15, 389
13,990
3, 902 ' 3, 503
' 3,700
r 34 556
r 21,345
14, 171
r
3, 824
Aircraft (complete):
Shipments
Airframe weight
Exports, commercial—
"28,995
'18,593
' 26, 647
' 29, 473
' 17, 314
6,643
'6,415
3,591
T
4, 071
5,436
3,520
5,014
7,284
4,302
' 7, 990
5, 269
'7
580
r
7, 508
'4,446
r
' 35, 038
'22,168
15,389
'3,503
33, 149
21, 383
14,715
3,278
" 6,114
r
6, 570
' 6,415
6,077
" 3,779
r
4, 039
'4,071
3,965
4,976
65, 573
3,360
5,062
60, 480
!3,200
529.6
6,071
352.9
415.4
4,689
190.7
336.4
4,318
210.4
291.2
3,379
237.6
430.7
4,966
316.3
301.2
3,677
177.7
456. 2
5,512
224.7
264.5
3,162
160.1
306.1
3,926
229.0
thous ..
do
do
do
do
do
10, 059
9,191
7,331
6,721
2,727
2,470
8,985
8,076
6,713
6,073
2,272
2,003
840.9
753.7
632.1
571.3
208.8
182.3
681.7
624.1
504.5
466.5
177.2
157.7
662.7
606.7
484.6
447.9
178.2
158.8
896.7
812.9
667.5
605.7
229.1
207.2
981.8
885.1
745.6
673.4
236.1
211.6
801.7
714.0
605. 9
533.4
195.8
175.6
772.9
698.9
579.5
528.2
193.4
170.6
855. 9
797.9
647.4
606.1
208.6
191.8
914.2 1,110.4 1, 057. 2 1, 012. 8 1, 141. 4 2 784. 4
954.1 1, 053. 8
844.2 1,020.1 968.4
789.0
775.6
850.1 2 531. 8
834.5
682.0
724.4
711.0 786.4
630.1 767.9
268.2
267.2
291.3 2 252. 6
232.2
275.8
243.1 267.4
214.0 252.1 244.0
Retail sales, new passenger cars:
Total, not seasonally adjusted
thous..
DomesticsA
do
Imports A
-- do
Total, seasonally adjusted at annual ratet---mil..
8,867
7,454
1,413
8,640
7,053
1,587
770
619
151
8.3
6.6
1.7
794
•637
157
9.3
684
534
150
9.4
726
591
136
9.0
889
774
115
9.1
744
655
89
8.8
1.7
1.7
1.6
1.5
1.2
701
600
102
9.4
8.0
1.4
679
588
91
9.6
8.4
1.2
758
651
107
10.2
8.8
1.4
947
816
131
10.8
9.4
1.4
914
788
126
10.3
8.9
1.4
922
794
128
10.2
8.6
1.6
956
830
127
10.0
8.7
1.3
865
737
128
10.1
8.7
1.4
1,419
1,508
1,602
1,444
1,466
1,447
1,436
1,589
1, 513
1,608
1,484
1,589
1,443
1,530
1,419
1,508
1,520
1,486
1,567
1,472
1,587
1,475
1,609
1,491
1,608
1,467
1,660
1,501
1,455
1,436
2.6
2.6
2.3
2.5
2.6
2.5
2.4
2.3
2.1
2.0
1.9
2.0
2.0
2.1
2.0
70.13
62.48
18.54
64.11
56.88
19.91
221. 88
77.01
70.65
261. 67
90.27
71.65
8,682 ' 8, 087
5,156 ' 4, 673
907
'523
298
'236
9,257
5,131
470
375
do
thous. Ib
mil. $
437,2
4,780
258.8
507.5 ' 493. 9 412.7
5,294 '5,324 4,469
422.7
213.9 321.9
MOTOR VEHICLES
Factory sales (from plants in U.S.), total
Domestic .
Passenger cars, total
Domestic
Trucks and buses, total ...
Domestic
ImportsAt
-
do
Retail inventories, new cars (domestics), end of
period: A
Not seasonally adjusted
_ .thous. .
Seasonally adj listed t
do
1,672
1,755
Inventory-sales ratio, new cars (domestics) At
2.6
ratio..
Exports (Bureau of the Census):
600.90
Passenger cars (new) , assembled
thous
516. 59
To Canada
.
do
214. 44
Trucks and buses (new) assembled
do
Imports (Bureau of the Census):
2,
572. 6
Passenger cars (new), complete units
do
817.6
From Canada, total.
do
660.1
Trucks and buses .
do
Truck trailers and chassis, complete (excludes
detachables), shipments
number
Vans . . .
do
Trailer bodies (detachable), sold separately.. do
Trailer chassis (detachable), sold separately. .do
Registrations (new vehicles):©
Passenger cars
Trucks
thous
do
640. 30
550. 81
223. 47
56.70
50.72
23.04
40.37
35.46
19.93
36.22
33.35
17.99
53.60
49.61
14.85
64.69
54.72
18.44
74.21
64.90
15.29
59.49
43.95
20.27
45.45
35.38
15.42
51.87
44.32
15.84
65.01
54.84
17.22
69.02
61.42
20.02
2, 074. 7
733.8
466.3
177. 15
64.96
41.04
176. 78
46.02
32.43
168.89
47.53
33.71
139. 41
56.16
32.95
177. 92
74.01
40.54
179. 64
66.41
38.70
215. 93
61. 93
58.65
242. 63
62.15
69.24
197. 78
70.05
60.12
250. 65
74.70
80.05
252. 62
85.21
80.04
207,883
137,479
i 16, 359
14, 922
73,063
39, 774
i 8, 072
2,936
5,818
2,610
910
121
5,671
2,842
204
16
5,261
2,631
451
49
5,616
3,137
397
78
7,680
4,489
960
112
4,904
2,719
967
181
5,725
3,503
1,020
161
5,220
3,129
436
25
8,105
4,704
837
32
8,694
5,532
1,071
214
1*8,701
1
< 1, 369
1*2,657
4
4
4
8, 262 *4 735. 6
1, 501
137. 4
2, 397 4 215. 7
4
4
4
764. 9 44 735. 8
150. 4
144. 7
222. 2 * 214. 9
4
4
4
738. 9
143. 6
219. 5
4
4
4
799. 2
120. 8
236. 3
4
632. 6
80. 7
191. 4
4
4
4
4
4
820. 9
100. 7
241. 2
4
676. 7
89. 3
205. 0
4
634. 5 3 763. 9 3 883. 7 3 914. 0
87. 3 3 102. 4 3 130. 2 a 117. 8
194. 6 3 233. 3 3 271. 0 3 276. 8
4
4
4
4
4
4
4
936. 9
127. 2
280. 9
RAILROAD EQUIPMENT
Freight cars (new) , for domestic use; all railroads
and private car lines (excludes rebuilt cars and
cars for export):
Shipments
number i 67, 038
Equipment manufacturers
.do
i 63, 243
New orders..
do
i 97, 929
Equipment manufacturers
do
i 85, 276
Unfilled orders, end of period
do
90, 216
Equipment manufacturers
do
79,009
Freight cars (revenue), class 1 railroads (AAR):§
Number owned, end of period.
thous..
Held for repairs % of total owned
Capacity (carrying), total, end of mo. .mil. tons..
Average per car
tons
1,375
6.4
98.32
71.49
72,367
65, 845
33, 484
32, 259
40, 135
34, 025
6,741
6,275
631
631
60, 890
51, 682
1,359
8.6
99.09
72.89
1,363
7.6
98.32
72.15
4,782
5,116
4,074
4,545
2,498 5 2, 220
2,520
1,373
58, 239 54, 662
48, 477 45, 908
1,360
7.8
98.58
72.49
1,363
8.0
98.68
72.40
f Revised.
1 Annual total includes revisions not distributed
by months.
25Estimate
4
of production, not factory sales.
3 Excludes 2 States.
Excludes 1 State.
Reflects
cancellation of cars previously ordered.
t Annual figures ("Apparel 1974," M23A74):
Survey was expanded and classifications changed; not comparable with data prior to 1973.
9 Total includes backlog for nonrelated products and services and basic research.
« Revised 1st qtr. 1975 (in order and units as above): 6,654; 4,031; 6,122; 6,968; 3,867; 35,202;
21,053; 14,893; 3,944; 6,555; 3,586.
5,521
4,854
815
815
49, 612
41, 525
6,657
5,853
7,405
7,005
48, 540
40, 857
5,757
5,022
3,014
3,014
45, 741
38, 793
7,426
6,388
4,049
4,049
40,135
34, 025
5,102
4,429
4,275
1,525
39,172
30,985
4,787
4,069
1,587
1,587
35,817
28,348
5,555
4,819
1,867
1,666
32, 161
25, 227
5,118
4,401
1,782
1,782
28, 794
22, 577
4,765
4,144
1,262
1,262
25, 247
19, 695
4,078
3, 495
2,083
2,083
23, 549
18, 580
1,362
8.2
98.70
72.47
1,357
8.5
98.53
72.59
1,358
8.6
98.81
72.77
1,359
8.6
99.09
72.89
1,364
8.7
99.43
72.91
1,362
8.7
99.65
73.14
1,351
8.5
98.98
73.28
1,347
8.5
98.87
73.38
1,344
8.4
98.85
73.54
1,343
8.5
98.78
73.55
t Revised seasonally adjusted data (1971-74) are shown on p. 5 of the Mar. 1976 SURVEY.
ADomestics include U.S.-type cars produced in the United States and Canada; imports
cover foreign-type cars and captive imports, and exclude domestics produced in Canada.
OCourtesy of R. L. Polk & Co.; republicaticn prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars.
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity price*.
Construction and real estate
Domestic trade
.
1-7
8,9
10,11
11-13
Labor force, employment, and earnings
Finance
Foreign trade of the United State*
Transportation and communication
13-1?
17-22
22-24
24r-25
Industry:
Chemicals and allied products
Electric power and gas
FoodI Land kindred products; tobacco
Leather and products.
,
25,26
26
27-30
30
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
31
31-34
34-36
36,37
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment.
37
38
38-40
40
Earnings, weekly and hourly
15,16
Eating and drinking places
12,13
Eggs and poultry
3,8,9,29
Electric power
4,9, 26
Electrical machinery and equipment
5,6,
7,9,14,15,20,23,24,34
Employment
13,14
Expenditures, U.S. Government
13,19
Explosives
26
Exports (see also individual commodities).... 1,3,22-24
Failures, industrial and commercial
7
Farm income, marketings, and prices
2,3,8, 9
Farm wages
16
k
Fats and oils
9,23,29,30
Federal Government
finance
19
Federal Reserve banks, condition of
17
Federal Reserve member banks
17
Fertilisers
9,25
Fire losses
11
Fish
29
Flooring, hardwood... .x
31
Flour, wheat
28
Food products
1,4,6,8,9,14-16,20,22,23,27-30
Foreclosures, real estate
11
Foreign trade (see also individual commod.)
22-24
Freight cars (equipment)
40
Fruits and vegetables
8,9
Fuel ell
35,36
Fuels
4,8,9,23,34-36
Furnaces
34
Furniture
5,9,12-15
INDIVIDUAL SERIES
Advertising
11,16
Aerospace vehicles
40
Agricultural loans
17
Air carrier operations
24
Air conditioners (room)
34
Aircraft and parts
7,40
Alcohol, denatured and ethyl
26
Alcoholic beverages
11,27
Aluminum
33
Apparel
1,4,8,9,11-16,40
Asphalt
: . . . 35,36
Automobiles, etc
1,4, 5,6,8,9,11,12,20,23,24,40
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gross national product
Gross national product, price deflators
Gross private domestic investment
Gypsum and products
Balance of international payments
3
Banking
17,18
Barley
27
Battery shipments
34
Beef and veal
28
Beverages
9,11,22,23,27
Blast furnaces, steel mills
5-7
Bonds, outstanding, issued, prices, sales, yields.... 20,21
Brass and bronze
33
Brick
38
Building and construction materials.
4,6,
7,11,31,38
Building costs
10,11
Building permits
10
Business incorporations (new), failures
7
Business sales and inventories
5
Butter
27
Hardware stores
12
Heating equipment
9,34
Hides and skins
9,30
Highways and roads
10,11
Hogs
28
Home electronic equipment
9
Home Loan banks, outstanding advances
11
Home mortgages
11
Hosiery
_
40
Hotels and motor-hotels
25
Hours, average weekly
15
Housefurnishings
1,4,5,8,11,12
Household appliances, radios, and television sets.
4,
8.9,12,34
Housing starts and permits
10
Cattle and calves
28
Cement and concrete products
9,11,38
Cereal and bakery products
9
Chain-store sales, firms with 11 or more stores...
13
Cheese
27
Chemicals
4,6,9,14-16,20,23,25,26
Cigarettes and cigars
30
Clay products
9,38
Coal
4,9,23,34,35
Cocoa
23,29
Coffee
23,29
Coke
35
Combustion, atmosphere, heating equipment
34
Communication
2,20,25
Confectionery, sales
29
Construction:
Contracts
10
Costs
10,11
Employment, unemployment, hours, earnings.. 13-16
Fixed investment, structures
1
Highways and roads
10,11
Housing starts
10
Materials output indexes
11
New construction put in place
10
Consumer credit
18
Consumer expenditures
1
Consumer goods output, index
4
'Consumer price index
8
Copper
33
Corn
27
;
Cost of living (see Consumer price index)
8
Cotton, raw and manufactures
8,9,22,38,39
Cottonseed oil
30
Credit, short- and intermediate-term
18
Crops
3,8,27,28,30,38
Crude oil.
4, 35
Currency in circulation
20
Dairy products
Debits, bank
Debt, U.S. Government.
Deflators, GNP
Department stores
Deposits, bank
Dishwashers
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug stores, sales
3,8,9,27
17
19
2
12,13
17,20
34
16
27
2,3,20, 21
12,13
4,9,26
1,35
38
26
19
8,9,22,27,28
12,13
1
2
1
9,38
Imports (see also individual commodities)... 1,3,23,24
Income, personal..
2,3
Income and employment tax receipts
19
Industrial production indexes:
By industry
4,5
By market grouping
4
Installment credit
13,18
Instruments and related products
5, 6,14,15
nsurance, life
19
nterest and money rates
18
nv en tones, manufacturers* and trade
5-7,11,12
nventory-sales ratios
5
ron and steel
5,9,11,20, 23,31,32
Labor advertising index, stoppages, turnover
16
Labor force
13
Lamb and mutton
28
Lead
33
Leather and products
4,9,14-16,30
Life insurance
19
Livestock
3,8,9, 28
Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit)
II, 17,18,20
Lubricants
35,36
Lumber and products
5,9,11,12,14,15,20,31
Machine tools
34
Machinery
5,6,7,9,14.15,20,23,24,3t
Mail order houses, sales
12
Man-hours, ajtRregate, and indexes
IS
Manmade fibers and manufactures
9,39
Manufacturers* sales (or shipments), inventories,
orders
5-7
Manufacturing employment, unemployment, production workers, hours, earnings
. . 14-16
Manufacturing production indexes
4, 5
Margarine
29
Meat animals and meats
3,8,9,22, 23,28, 29
Medical and personal care
B
Metals
4-7,9,14,15, 20,22,23, 31-33
Milk
27
Mining and minerals
2. 4,9,14-16, 20
Monetary statistics
19. 20
Money supply
20
Mortgage applications, loans, rates
11,17,18, l*>
Motor carriers
24
Motor vehicles
1,4,5,6,8, 9,11,20.23,40
National defense expenditures
1,19
National income and product.
1,2
National parks, visits
25
Newsprint
23, 37
New York Stock Exchange, selected data
21,22
Nonferrous metals.
5,6,7,9,20,23,33
Noninstallment credit
,
18
Oats
Oils and fats
Orders, new and unfilled, manufactures*
Ordnance
27
9,23,29,30
7
14,15
Paint and paint materials.
9,26
Paper and products and pulp
4,6,
„ .
9,14-16,20,23,36,37
Parity ratio
;
8
Passenger cars
1,4, 5,6,8,9,11,12,20,23,24,40
Passports issued
25
Personal consumption expenditures
1
Persona] income
2,3
Persona] outlays
2
Petroleum and products
4,6,
8,9,14,15,20,23,35,36
Pig iron
31, 32
Plant and equipment expenditures
2
Plastics and resin materials
26
Population
13
Pork
]. 28,29
Poultry and eggs
3,8,9,29
Price deflators, implicit, GNP
2
Prices (see also individual commodities)
8,9
Printing and publishing
4,14-16
Private sector employment, hours, earnings
13-16
Profits, corporate
2,20
Public utilities
2,4,10,20,21,26
Pulp and pulpwood
36
Purchasing power of the dollar
9
Radio and television
4,11,34
Railroads...
2, 16, 17, 21, 24, 25, 40
Ranges
34
Rayon and acetate
39
Real estate
11,17,19
Receipts, U.S. Government
19
Recreation
8
Refrigerators
34
Registrationt (new vehicles)
40
Rent (bousing)
8
Retail trade
5,7,12-16,18
Rice
28
Rubber and products (incl. plastics)
4,6,
9.14-16.23,37
Saving, personal
2
Savings deposits
17
Securities issued
20
Security markets
20-22
Services
1,8,14-16
Sheep and Iambs
28
Shoes and other footwear
9,12,30
Silver
19
Soybean cake and meal and oil
30
Spindle activity, cotton
39
Steel (raw) and steel manufactures
23,31,32
Steel scrap
31
Stock market customer
financing.
20
Stock prices, earnings, sales, etc
21,22
Stone, day, glass products
5,6,9,14,15,20,38
Sugar
23,29
Sulfur
25
Sulfuric acid
25
Superphosphate
25
Tea imports
29
Telephone and telegraph carriers
25
Television and radio
4,11,34
Textiles and products
4.6,9,14-16,20,23,38-40
Tin
33
Tires and inner tubes
9,12,13,37
Tobacco and manufactures
4,6,8,14,15,30
Tractors
34
Trade (retail and wholesale)
5,11,12,14-16
Transit lines, urban
24
Transportation
1,2,8,14-16,20-22,24,25
Transportation equipment
5,6,7,14,15,20,40
Travel
24,25
Truck trailers
40
Trucks (industrial and other).
34,40
Unemployment and insurance
13,17
U.S. Government bonds
17-21
U.S. Government
finance...,
....
19
Utilities
2,4, 8,10,21,22,26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Veterans* unemployment insurance
Wages and salaries
Washers and dryers
Water heaters
Wheat and wheat
Wholesale price indexes.
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc.
flour
34
12.1J
23,29,30
8,9
17
2,3,15, 16
34
34
28
- •• -••
*;»
5,7,11,14-16
J<»
9,39
33
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1975 Biennial Edition
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